B eBook Crockett Graphic Designs Inc. is considering two mutually exclusive projects. Both projects require an initial after-tax investment of $8,000, and are typical average-rick projects for the firm. Project A has an expected life of 2 years with after-tax cash inflow of $8,000 and $10,000 at the end of Years 1 and 2, respectively. Project has an expected life of 4 years with after-tax cash inflows of $7,000 at the end of each of the next 4 years. The firm's WACC is 10% a. If the projects cannot be repeated, which project should be selected if Crockett uses NPV as its criterion for project selection? Project Select V should be selected b. Assume that the projects can be repeated and that there are no anticipated changes in the cash flows. Use the replacement chain analysis to determine the NPV of the project selected. Do not round intermediate calculations. Round your answer to the nearest cont Since Project Selects extended NPV pit should be selected over Project Selective with an NPV = 5 c. Make the same assumptions as in part b Using the equivalent annual pulty (EAA) method, what is the EA of the project selected? Project Select should be selected