equivalent annual annuity Lithium Inc. is considering two mutually exclusive projects, A and B. Project A costs $95,000 and is expected to generate $65,000 in year one and $75,000 in year two. Project B costs $120,000 and is expected to generate $64,000 in year one, $67,000 in year two, $56,000 in year three, and $45,000 in year four. Lithium Inc.'s required rate of return for these projects is 10%. The equivalent annual annuity amount for project A is A. $12,989 B. $13,357 C. $15,024 D. $18532