Question: Assume you're comparing two projects. Project S will last 4 years and Project L will last 6 years. You have computed the NPV of Project

Assume you're comparing two projects. Project S will last 4 years and Project L will last 6 years. You have computed the NPV of Project S to be $17.573 million and Project L to be $30.745 million. Determine which project to accept by computing the equal annual annuity (EAA) for each. The discount rate for both projects is 6%.
What is the EAA for Project S?(Round your answer to two decimal places.)

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