phil's is a sit-down restaurant that specializes in home-cooked meals. theresa's is a walk-in deli that specializes in specialty soups and sandwiches. both firms are currently considering expanding their operations during the summer months by offering pre-wrapped donuts, sandwiches, and wraps at a local beach. phil's currently has a wacc of 14 percent while theresa's wacc is 10 percent. the expansion project has a projected net present value of $12,600 at a 10 percent discount rate and a net present value of -$2,080 at a 14 percent discount rate. which firm or firms should expand and offer food at the local beach during the summer months?
