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(3 points) Project A requires an investment of $5,000 today and pays $3,000 at the end of year 1 and $4,000 at the end of

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(3 points) Project A requires an investment of $5,000 today and pays $3,000 at the end of year 1 and $4,000 at the end of year 3. Project Z pays $2,500 now and $X at the end of year 2, but requires and investment of $6,000 at the end of year 3. The net present value of the two projects are equal at an annual effective interest rate of 5%. Find X. (A) $4,405.06 (B) $4,407.06 (C)$4,409.06 (D) $4,410.06 (E) $4,411.06 (F) $4,415.06

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