When the project reaches the end of its useful life, it would be sold for its salvage value and there would be no replacement. If 8% is the desired rate of return, which project (if any) should be selected?

Three mutually exclusive projects are being considered. A B $1000 150 $2000 150 $3000 0 First Cost Uniform Annual Benefit Salvage Value Useful life (years) 2700 1000 5 5600 7 6 When the project reaches the end of its useful life, it would be sold for its salvage value and there would be no replacement. If 8% is the desired rate of return, which project (if any) should be selected