Project H requires an initial investment of $100,000 and the produces annual cash flows of $45,000 per year for each of the next 3 years. Project T also requires an initial investment of $100,000 and produces cash flows of $30,000 in year 1, $40,000 in year 2, and $70,000 in year 3. If the discount rate increases from 10% to 16%. Please show all work to arrive to answer, thanks.

A H and T are equally attractive.

B Both projects should be chosen.

C Project T should be chosen.

D The project ranking will change