Under the equivalent annual value method,the criterion for project acceptance is:
A)the project with the higher equivalent annual value is preferred.
B)the project with the lower equivalent annual value is preferred.
C)the project with the shorter life is preferred.
D)the project with the higher equivalent annual value is preferred,provided that both projects have the same cost of capital.

Question

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The Answer of Under the equivalent annual value method,the criterion for project acceptance is:
A)the project with the higher equivalent annual value is preferred.
B)the project with the lower equivalent annual value is preferred.
C)the project with the shorter life is preferred.
D)the project with the higher equivalent annual value is preferred,provided that both projects have the same cost of capital.

Under the Equivalent Annual Value Method,the Criterion for Project Acceptance