Company ABC is considering two investment projects, Project X and Project Y. The initialcost of Project X is S100,000, and it generates cash flows of $30,000 per year for 5 yearsThe initial cost of Project Y is S132,000, and it generates cash flows of S25,000 per yearfor 10 years. Assuming a discount rate of 12%, which project should Company ABCchoose based on the equivalent arnual annuity (EAA) method? Show your calculations.