Use the information below for the next 3 questions Millennium Ltd. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at to. Project X has an expected life of 2 years with after-tax cash inflows of $6,000 and $7,900 at the end of Years 1 and 2, respectively. Project Y has an expected life of 4 years with after-tax cash inflows of $4,300 at the end of each of the next 4 years. Each project has a WACC of 8%. Question 26 Compute the EAA (Equivalent Annual Annuity) amount or Project Not yet answered X: $ Marked out of 3.00 Flag question Question 27 Compute the EAA (Equivalent Annual Annuity) amount for Project Not yet answered Y: $ Marked out of 3.00 Flag 12:22 PM ENG 11C Cloudy 2021-11-12 estion 28 Evaluating the two EAA amounts calculated above, which project is preferred? t yet swered arked out of 20 Select one: a. Project X Flag estion O b. Project Y