A firm has two mutually exclusive investment projects to evaluate. The projects have the following cash flows:

Time Cash Flow X Cash Flow Y 0 -$80,000 -$80,000 1 30,000 35,000 2 55,000 35,000 3 65,000 35,000 4 - 35,000 5 - 5,000 Projects X and Y are equally risky and may be repeated indefinitely. If the firms WACC is 15%, 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. Choose Project -Select- , whose EAA = $