Crockett Graphic Designs Inc, is considering two mutually exclusive projects. Both projects require an initial after-tax investment of 511,000 and are typical average-risk projects for the firm. Project A has an expected lefe of 2 years with after-tax cash inflows of $7,000 and $8,000 at the end ar Years 1 and 2. respectively. Project B has an expected life of 4 years with after-tax cash inflows of $5,000 at the end of each of the next 4 yearz. The firm's wact is 13%. a. If the projects carinot be repelated, which project should be selected if Crockett uses NPV as its criterion for project sclection? Project should be selected. b. Assume that the projects con be repested and that there are no anticipated changes in the cash flows. Usen the replaceritent chain analyis to detemine the NPV of the project selected. Do not round intermedate calculotions. Round your answer to the nearest cent. Since Project 's extended NPV = 5 , it should be selected over Project with an NPY =5 c. Make the same assumptions as in part b. Using the equvalent annual annuity (EAA) method, what is the EAA of the project selected? Project should be selected