Your firm is investing in a project that will produce a product that it will sell for the foreseeable future. The project costs $150,000 today. The project will generate cash flows of $55,000 per year for the next 5 years. The required rate of return on the project is 9.85% compounded annually. What is the equivalent annual annuity for the project. O $15,581.89 $15,682.78 $15,632.35 $15.733.18