I believe I have the correct answers but want to confirm. I have

$1.$ $$21,869$

$2.$ $$23,512$

Smith and Co$.$ has to choose between two mutually exclusive projects. If it chooses project A$,$ Smith and Co$.$ will have the opportunity to make a similar investment in three years. However, if it chooses project B$,$ it will not have the opportunity to make a second investment. The following table lists the cash flows for these projects. If the firm uses the replacement chain $($common life$)$ approach, what will be the difference between the net present value $($NPV$)$ of project A and project B$,$ assuming that both projects have a weighted average cost of capital of $14\%?$

$$

Cash Flow

Project A$$ Project B$$

Year $0$:$$$$10,000$ Year $0$:$$$$40,000$

Year $1$:$7,000$ Year $1$:$8,000$

Year $2$:$15,000$ Year $2$:$16,000$

Year $3$:$14000$ Year $3$:$15,000$

Year $4$:$12,000$

Year $5$:$11,000$

Year $6$:$10,000$

$$

$1.$ Choose one:

$$ $$14,215$

$$ $$15,308$

$$ $$21,869$

$$ $$19,682$

$$ $$18,589$

$$

$2.$ Smith and Co$.$ is considering a five$-$year project that has a weighted average cost of capital of $14\%$ and a NPV of $$80,720.$ Smith and Co$.$ can replicate this project indefinitely. What is the equivalent annual annuity $($EAA$)$ for this project?

$$

$$ $$28,214$

$$ $$23,512$

$$ $$27,039$

$$ $$21,161$

$$ $$22,336$