Two parcels of land are being considered for a new office building. Both sites cost the same amount but differ mainly in their annual property tax assessments. The parcel in City A has a current property tax of $15,500 per year. This tax is expected to increase by $500 per year starting at EOY 2 . The other site, in City B, has a property tax of $12,000 per year with an anticipated increase of $2,000 per year starting at EOY. Which parcel should be chosen to provide for property taxes spanning the next 10 years? The interest rate is 12% per year. (EOY= End of year )