Carlyle Inc. is considering two mutually exclusive projects. Both require an initial investment of $14,200 at t= 0. Project S has an life of 2 years with after-tax cash inflows of $7.400 and $19,600 at the end of Years 1 and 2, respectively. In addition, Project S repeated at the end of Year 2 with no changes in its cash flows. Project 1. has an expected life of 4 years with after-tax cash inflows $6,000 at the end of each of the next 4 years. Each project has a WACC of 9%. What is the equivalent annual annuity of the most profitable project? Do not round your intermediate calculations a. $1,358.20 b. 52,454.85 O O O O c $1.616,90 d. $2.156.59 e. $2.294 25