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Use the information below to answer question 28. Project A Project B Year Cash Flow Year Cash Flow 0 -1,000 0 -2,000 1 900

Use the information below to answer question 28. Project A Project B Year Cash Flow Year Cash Flow 0 -1,000 0 -2,000 1 900 1 900 2 900 2 900 3 900 3 900 4 900 4 900 5 5 900 6 6 900 28.Suppose the discount rate is 12% and you have to choose between the following two projects. What is the equivalent annual series for the best project? a. $413.55 b. $440.78 c. $500.00 d. $570.77 e. $584.53

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