You own a movie theatre and have to replace all the seats in the theatre. You have two choices. a. Option 1: You can spend $300000 on cheaper seats that will cost $12000 to clean each year and last four years. b. Option 2: You can spend $450000 on better quality seats that will cost only $5000 to clean each year and last seven years. The cost of capital is 8%. What is the equivalent annuity for option 12 25 What is the equivalent annuity for option 2 90 Which project would you selecta