Project A has a 3-year life and the following cashflows:

Year 0 (185000)

Year 1 67,000

Year 2 79,000

Year 3 129,000

Project B has a 5-year life and the following cashflows

Year 0 (210,000)

Year 1 88,000

Year 2 62,000

Year 3 57,000

Year 4 41,000

Year 5 39,000

The firms cost of capital is 7.2%

A. Calculate the NPV of each project under replacement chain

B. Calculate the EAA of each project