Titanic Airlines is considering two alternative planes. Plane A has an expected life of 5 years, will cost $100 million, and will produce net cash flows of $30 million per year. Plane B has a life of 10 years, will cost $132 million, and will produce net cash flows of $25 million per year. Titanic plans to serve the route for only 10 years. Inflation in operating costs, airplane costs, and fares is expected to be zero, and the companys cost of capital is 12%. What is the equivalent annual annuity for Plane B?

A. $2.259 million

B. $1.638 million

C. $2.638 million

D. $1.259 million

E. $3.259 million