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 $20.7906 million and Project L to be $28.2746 million. Detfermine 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.) You can check your answer 2 more times before the question is locked. What is the EAA for Project L? (Round your answer to two decimal places.) You can check your answer 3 more times before the question is locked. Which project should be selected? You can check yout answer 3 more times before the question is locked
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