Concord Inc. now has the following two projects available: Project 1 2 Initial CF -11,520.92 -3,176.64 After-tax CF1 After-tax CF2 4,950 3,450 NPV generated over a six-year period $ NPV2 generated over a six-year period $ 5,675 should be chosen. 2,850 Assume that RF = 4.4 percent, risk premium = 9.9 percent, and beta = 1.1. Use the chain replication approach to determine which project Concord 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.) After-tax CF3 8,900