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9. Problem 12.17 (Equivalent Annual Annuity) A firm has two mutually exclusive investment projects to evaluate. The projects have the following cash flows: Projects X

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9. Problem 12.17 (Equivalent Annual Annuity) A firm has two mutually exclusive investment projects to evaluate. The projects have the following cash flows: Projects X and Y are equally risky and may be repeated indefinitely, if the firm's WACC is 7%, what is the EAA of the project that adds the most value to the firm? Do not round intermediate caicutations, Round your answer to the nearest dollar. Choose Project whoseEAA=$

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