Carlyle is considering two mutually exclusive projectsBoth require an initial Investment of at t = 0 Project S has an expected life of years after-tax cash inflows of $7.400 and $13.500 at the end of Years and 2, respectivelyIn addition, Project S can be repeated at the end of Year 2 with changes in its cash flows. Project L has an expected life of years with after-tax cash inflows $5.700 at the end of each of the next 4 yearsEach project has WACC of %What is the equivalent annual annuity of the most profitable project? Do not round your intermediate