8. Mulroney Corp is considering two mutually exclusive projects. Both require an initial investment of $11,100 at t= 0 Project X has an expected life of 2 years with after-tax cash inflows of $6,300 and $7.200 at the end of Years 1 and 2. respectively. In addition, Project X can be repeated at the end of Year 2 with no changes in its cash flows. Project Y has an expected life of 4 years with after-tax cash inflows of $4,000 at the end of each of the next 4 years. Each project has a WACC of 8% Using the replacement chain approach, what is the NPV of the most profitable project? Do not round the intermediate calculations and round the final answer to the nearest whole number 2 1.783 b. 2.170 1.697 d. 2.149 e 1977