Monty Inc. now has the following two projects available: Project 1 Initial CF -12,319.48 -3,552.39 After-tax CF, After-tax CF2 5,700 6,800 4,200 3,600 After-tax CF3 10,400 2 Assume that R* = 5.9 percent, risk premium = 11.4 percent, and beta = 1.1. Use the chain replication 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, eg.17.35% or 2,513.25.) NPV1 generated over a six-year period NPV2 generated over a six-year period Project 1 should be chosen