Mulroney Corp. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at t=0. Project X has an expected life of 2 years with after-tax cash inflows of $6,000 and $8,800 at the end of Years 1 and 2, respectively. In addition, Project X can be repeated at the end of Year 2 with no changes in its cash flows. Project Y has an expected life of 4 years with after-tax cash inflows of $4,500 at the end of each of the next 4 years. Each project has a WACC of 8%. Using the replacement chain approach, what is the NPV of the most profitable project?

A.) $4,242.15

B.) $4,904.57

C.) $5,758.01

D.) $5,331.29