Wilson Co. is considering two mutually exclusive projects. Both require an initial investment of $9,700 at t = 0. Project X has an expected life of 2 years with after-tax cash inflows of $6,600 and $7,800 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 $5,200 at the end of each of the next 4 years. Each project has a WACC of 11%. What is the equivalent annual annuity of the most profitable project? Do not round intermediate calculations.

a.	$2,073.43
b.	$1,885.50
c.	$2,680.15
d.	$1,180.15
e.	$465.82