Please show Excel calculations. Otherwise, do not attempt to answer. Thanks

A firm is considering two mutually exclusive projects, A and B. The projects are different in that they have different returns depending on general economic conditions. The firm forecasts that return on the market, and the returns on each project, along with their associated probabilities will be given by the following table. You can assume a 5% risk free rate and a 6% market risk premium. Assume the CAPM holds.

(1) Compare the expected returns to the cost of capital for each project and decide which project the firm should choose.

Extreme Moderate Recession Normal Moderate Extreme Recession Growth Growth Pr[economic condition] 15% 20% 30% 20% 15% Return on the market -12% 0% 12% 24% 36% Return on project A -35% 2% 10% 20% 20% Return on project B -9% 0% 12% 22% 28%