16) Wilson Co. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at-0. Project X has an expected life of 2 years with after-tax cash inflows of S6,000 and $8,500 at the end of Years 1 and 2, respectively. In addition, Project X can be repeated at the end of Year 2 with no changesin is cash now. Project Y has an expected life of 4 years with after-tax cash inflows of $4,600 at the end of each of the next4 years. Each project has a WACC of 7.50%. What is the equivalent annual annuity of the most profitable project, A. $1,570.12 B. $1,946.30 C. $1,635.54 D. $1,455.63 E. $1,700.96