Question: Check My Work (10 remaining E eBook A firm has two mutually exclusive investment projects to evaluate. The projects have the following cash flows: Time

 Check My Work (10 remaining E eBook A firm has two

Check My Work (10 remaining E eBook A firm has two mutually exclusive investment projects to evaluate. The projects have the following cash flows: Time Cash Flow X Cash Flow Y 0 -$85,000 -$80,000 35,000 1 40,000 60,000 2 35,000 3 60,000 35,000 4 35,000 5 5,000 Projects X and Y are equally risky and may be repeated indefinitely. If the firm's WACC is 6%, what is the EA of the project that adds the most value to the firm? Do not round intermediate calculations. Round your answer to the nearest dollar. Choose Project Select whose EAA-$

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