NPV unequal lives. Singing Fish Fine Foods has ​$1,990,000 for capital investments this year and is considering two potential projects for the funds. Project 1 is updating the​ store's deli section...

lives.

​$1,990,000 for capital investments this year and is considering two potential projects for the funds. Project 1 is updating the​ store's deli section for additional food service. The estimated​ after-tax cash flow of this project is

​$590,000 per year for the next five years. Project 2 is updating the​ store's wine section. The estimated annual​ after-tax cash flow for this project is ​$500,000 for the next six years. If the appropriate discount rate for the deli expansion is 9.4​% and the appropriate discount rate for the wine section is 9.0​%,

If the appropriate discount rate for the deli expansion is