McDaniel Electronics and Zimmerman Technology both have new projects that require an initial investment of $$1,600,000$ and will have annual cash inflows of $$342,000.$ McDaniel expects their project to last six years and Zimmerman expects their project to last seven years. If both companies have a required rate of return cutoff of $9\%,$ which company should accept the project $($the PV of an annuity for $6$ periods at $9\%-4,48592,$ the PV of an annuity for $7$ periods at $9\%-5\mathrm{.}03295)2$ O both McDaniel Electronics and Zimmerman Technology O McDaniel Electronics only O neither McDaniel Electronics nor Zimmerman Technology O Zimmerman Technology only Save for Later Submit Answer