A company is considering two mutually exclusive projects. Both require an initial investment of $10,400 at t = 0. Project X has an expected life of 2 years with after-tax cash inflows of $5,000 and $8,400 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 $4,600 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. $1.885.50 $2,680.15 $465.82 O O O O $1.180.15 $1,247.81