Answer and explain and i will leave thumbs up.

Procter \& Gamble Company is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and will be repeated at the end of their useful lives. Which project is preferred, assuming a cost of capital of 10% ? Project S, because it has a higher EAA. Project L, because it has a higher EAA. Project L, because it has a higher NPV. Project S, because it has a higher NPV