Sheffield Inc. now has the following two projects available: Project Initial CF After-tax CF After-tax CF2 After-tax CF3 1 -11,404.85 5,350 6,275 9,700 2 -3,243.10 3,850 3,250 Assume that RF = 5.2 percent, risk premium = 10.7 percent, and beta = 1.3. Use the EANPV approach to determine which project Sheffield 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.) PMT $ 2,983.26 PMT2 1,846.83 Project 1 should be chosen