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Sheffield Inc. now has the following two projects available: Project 1 2 Initial CF -11,916.85 -3,427.10 After-tax CF1 5,600 4,100 After-tax CF2 6,650 3,500 After-tax

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Sheffield Inc. now has the following two projects available: Project 1 2 Initial CF -11,916.85 -3,427.10 After-tax CF1 5,600 4,100 After-tax CF2 6,650 3,500 After-tax CF3 10,200 Assume that Rp = 5.7 percent, risk premium = 11.2 percent, and beta = 1.2. Use the chain replication 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.) NPV1 generated over a six-year period $ NPV2 generated over a six-year period $

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