A firm has two mutually exclusive investment projects to evaluate. The projects have the following cash flows:

Time	After-tax Cash Flow X	After-tax Cash Flow Y
0	-$80,000	-$80,000
1	40,000	40,000
2	55,000	40,000
3	70,000	40,000
4	-	40,000
5	-	10,000

Projects X and Y are equally risky and may be repeated indefinitely. If the firms WACC is 11%, what is the EAA of the project that adds the most value to the firm? Do not round intermediate calculations. Round your answer to the nearest dollar.

Choose Project -Select-XYItem 1 , whose EAA = $