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	-$70,000
1	30,000	35,000
2	55,000	35,000
3	70,000	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 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.

Choose Project -Select-XYItem 1 , whose EAA = $