Related to Checkpoint 11.2) (Calculating EAC) Barry Boswell is a financial analyst for Dossman Metal Works, Inc. and he is analyzing two alternative configurations for the firm's new plasma cutter shop. The two alternatives, denoted A and B below, will perform the same task, but alternative A will cost $75,000 to purchase, while alternative B will cost only $50,000. Moreover, the two alternatives will have very different cash flows and useful lives. The after-tax costs for the two projects are as follows: Year Alternative AAlternative B 0 $(75,000) $(50,000) 1 $(21,000) $(5,000) 2 $(21,000) $(5,000) 3 $(21,000) $(5,000) 4 $(21,000) 5 $(21,000) 6 $(21,000) 7 $(21,000) a. Calculate each project's EAC, given a discount rate of 11 percent. b. Which of the alternatives do you think Barry should select? why?