Nash Inc. now has the following two projects available:

Nash Inc. now has the following two projects available: Project Initial CF After-tax CF1 After-tax CF2 After-tax CF3 1 -11,536.03 5,500 6,500 10,000 2 -3,307.90 4,000 3,400 = Assume that Rp = 5.5 percent, risk premium = 11.0 percent, and beta = 1.3. Use the EANPV approach to determine which project Nash Inc. should choose if they are mutually exclusive. (Round cost of capital and final answers to 2 decimal places, e.g. 17.35% or 2,513.25.) PMT1 $ PMT2 should be chosen. Project 1 Project 2