Crockett Graphic Designs inc, is considering two mutually exclusive projects, Both projects require an initial after-tax investment of $11,000 and are typical average-risk peojects for the fim. Project A has an expected life of 2 years wath after-tax cash inflows of $6,000 and $9,000 at the end of Years 1 and 2 , respectively. Project 8 has an expected life of 4 yests With affer-tax cath inflows of $4,000 of the end of each of the next 4 years. The firm WACC is 124 . a. If the prosects cannot be repeated, which project should be selected it Crockett uses NoV as its criterion for project selection? Project sheuld be selected. b. Assume that the prejects can be repested and that there am no antidpated changes in the cach flows. Use the repiacement chain analysis to determine the NDV of the project seleded. Do not round intermediate calculations. Pound vour answer to the nearest cent. Since Project is extended NPV=3, it should be selected over Project with an NPFV =3 c. Moke the same assumptions as in part b. Uting the equivalent annwal ennuty (EAA) method, what is the EMa of the project seiected? Prolect thould be telected