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Novak Inc. now has the following two projects available: Assume that RF=5.6 percent, risk premium =11.1 percent, and beta =1.1. Use the EANPV approach to

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Novak Inc. now has the following two projects available: Assume that RF=5.6 percent, risk premium =11.1 percent, and beta =1.1. Use the EANPV approach to determine which project Novak 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.)

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