Flounder Inc. now has the following two projects available:

Assume that $R_F=3\mathrm{.}5$ percent, risk premium $=9\mathrm{.}0$ percent, and beta $=1\mathrm{.}1.$ Use the chain replication approach to determine which

project Flounder Inc. should choose if they are mutually exclusive. $($Round cost of capital and final answers to $2$ decimal places, e$.$g$\mathrm{.}17\mathrm{.}35\%$

or $2,513\mathrm{.}25.)$

$NP{V}_1$ generated over a six$-$year period $

$NP{V}_2$ generated over a six$-$year period $

should be chosen.