A firm is evaluating two mutually exclusive projects that have unequal lives. The firm must evaluate the projects using the annualized net present value approach and recommend which project they should select. The firm's cost of capital has been determined to be 14 percent, and the projects have the following initial investments and cash flows: 
Definitions:
Maori Meetinghouse
A traditional communal structure among the Maori people of New Zealand, serving as a venue for meetings, ceremonies, and events, richly decorated with carvings and symbols.
Mythological Ancestors
Legendary or mythical figures regarded as the progenitors of a people, culture, or nation, often central to origins in mythology or folklore.
Men's Ceremonial
A ritual or ceremony that is primarily involving, intended for, or restricted to men.
Abstract Patterns
Artistic motifs or designs that do not represent things in the natural world but are composed of shapes, lines, and colors arranged in a non-representational manner.
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