Sweet Inc. now has the following two projects available:

Assume that $R_F=3\mathrm{.}8$ percent, risk premium $=9\mathrm{.}3$ percent, and beta $=1\mathrm{.}1.$ Use the chain replication approach to determine which

project Sweet Inc. should choose if they are mutually exclusive. $($Round cost of capital and final answers to $2$ decimal places, e$.$g$\mathrm{.}17\mathrm{.}35\%$ or

$2,513\mathrm{.}25.)$

NPV $V_1$ generated over a six$-$year period

$NPV{V}_2$ generated over a six$-$year period