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Use the following data to answer Questions 15 through 18: Wilson Co. is considering two mutually exclusive projects. Both projects require an initial investment of

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Use the following data to answer Questions 15 through 18: Wilson Co. is considering two mutually exclusive projects. Both projects 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 $8,500 at the end of Years 1 and 2, respectively. Project Y has an expected life of 4 years with after-tax cash inflows of $4,600 at the end of each of the next 4 years. Each project has a WACC of 11%. 15. The NPV for project X is closest to: A. $2,304.20 B. -$2,304.20 C. $2,200.20 D. $2,204.20 O E. None of the above 16. The NPV for project Y is closest to: A. $4,271.25 B. $4,2781.25 C. $3,271.25 D. $4,000 E. None of the above 17. The equivalent annual annuity (EAA) for project X is closest to: * O A. $1,345.50 B. $1,300.50 C. $1,350 D. $1,245.50 O E. None of the above 18. The equivalent annual annuity (EAA) for project Y is closest to: A. $1,376.74 B. $1,347.74 C. $1,342.20 D. $1,276.74 O E. None of the above

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