View Policies Current Attempt in Progress Novak Inc. now has the following two projects available: Project Initial CF After-tax CF After-tax CF2 After-tax CF3 1 -12,175.24 5,550 6,575 10,100 2 -3,483.47 4,050 3,450 Assume that RF = 5.6 percent, risk premium = 11.1 percent, and beta = 1.1. Use the chain replication 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.) NPV generated over a six-year period $ NPV2 generated over a six-year period $ + should be chosen