Wilson Co. is considering two mutually exclusive projects. Both require an initial investment of $10,500 at t = 0. Project X has an expected life of 2 years with after-tax cash inflows of $6,500 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 $4,500 at the end of each of the next 4 years. Each project has a WACC of 11%. What is the equivalent annual annuity of the most profitable project? a. $1,230.47 b. $1,316.56 c. $1,461.52 d. $1,526.42 e. $1,608.53'