Carlyle Inc. is considering two mutually exclusive projects. Both require an initial investment of $14,200 atto. Project S has an expected life of 2 years with after-tax cash inflows of $7.400 and $1,400 at the end of Years 1 and 2, respectively. In addition, Project Scan be repeated at the end of Year 2 with no changes in its cash flows. Project Lhas an expected life of 4 years with after-tax cash inflows $5,200 at the end of each of the next 4 years. Each project has a WACC of 8%. What is the equivalent annual annuity of the most profitable project? Do not round your intermediate calculations 2.52,406.00 b. 51,230.30 c51.360.15 O d. 51,950.00 3912.72