Monty Inc. now has the following two projects available:

Assume that $R_F=4\mathrm{.}5$ percent, risk premium $=10\mathrm{.}0$ percent, and beta $=1\mathrm{.}2.$ Use the EANPV approach to determine which project

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

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

PMT ${?}_1,$$

$PM{T}_2,$$

should be chosen.