A firm needs to estimate the Equivalent Ari Anncity (EAA) of two projects. Since these projects can be repeated indefinlely. Project X requires an initial investment of $30px) today and is expected to generate annual cash flows of S90 for the next 23 years, Project Y requires an initial investment of $110.00 and is expected to generate monthly exch flous of $1,3% for the next 14 years. The cost of capital is 7%. The has the highest EAA of O Project X: 56339 O Trojeet X: 53.612 O Project Y: 56.339 O Project X: 56.656 O Project Y: $3,313