12: End-of-Chapter Problems-LPK-Cash Flow Estimation and Risk Analysis k to Assignment Keep the Highest/30 9. Problem 12.17 (Equivalent Annual Annuity) Attempts eBook A firm has two mutually exclusive investment projects to evaluate. The projects have the following cash flows: Choose Project -Select-v whose EAA = $ TimeAfter-tax Cash Flow XAfter-tax Cash Flow Y -$90,000 -$70,000 35,000 35,000 50,000 35,000 60,000 35,000 35,000 10,000 Projects X and Y are equally risky and may be repeated indefinitely. If the firm's WACC is 7%, what is the EAA of the project that adds the most value to the firm? Do not round intermediate calculations. Round your answer to the nearest dollar. 1 0 1 2 3 4 5 Grade it Now Save & Continue Continue without saving

to Assignment Altempts Keop the Higheot / 30 9. Problem 12.17 (Equivalent Annual Annuity) A firm has two mutualy exdusive investment projects to evaluate. The projects have the following cash flows: intermediate calculations. found your answer to the nearest dolar. Chase Project whose EM=3