This assignment presents two distinct projects: a standard smoker (Project A) and a deluxe Smoke-alator (Project B). Students are tasked with evaluating these projects by calculating their Net Present Value (NPV) and Equivalent Annual Annuity. Using a 10% required rate of return, the analysis compares NPVs and calculates Equivalent Annual Annuities for each project over its lifespan. Based on the calculated financial metrics, students must determine which project offers the most favorable investment opportunity and justify their choice.