Whispering Winds Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $509,000, has an expected useful life of 13 years and a salvage value of zero, and is expected to increase net annual cash flows by $75,000. Project B will cost $286,000, has an expected useful life of 13 years and a salvage value of zero, and is expected to increase net annual cash flows by $45,000. A discount rate of 9% is appropriate for