Which of the following about equivalent annual cost $($EAC$)$ is$/$are correct?

$($i$)$ EAC can be used to compare projects with different life spans.

$($ii$)$ EAC can be used to capture the risk of projects.

$($iii$)$ EAC is always more preferably net present value.

Select one:

A$.($i$)$ only.

B$.($ii$)$ only.

C$.($iii$)$ only.

D$.($i$)$ and $($iii$)$ only.