Which statement best describes the Annual Worth (AW) method of comparing projects?
A) The cash flows for each project are converted to an equivalent uniform annuity and compared.
B) All cash flows for the projects are set equal to zero and the resulting equation is solved for 'n'.
C) The total first costs are divided by the annual savings to determine the time required for each project to reach its 'Payback' period.
D) None of the above.