An airplane equipped with a ballistic parachute system (BPS) is approved for deployment at a minimum altitude of 400 feet above ground level (AGL), a maximum indicated airspeed of 140 KIAS, and when the airplane is uncontrollable. While flying at 2,500 feet MSL over terrain elevation of 1,400 feet MSL, with an airspeed of 105 KIAS, a mid-air collision occurs and the airplane becomes uncontrollable. With respect to the BPS, the pilot should

While on a VFR flight at 3,000 feet AGL with passengers aboard, your airplane enters a spin following wake turbulence encounter. You have applied standard spin recovery procedures without success, and the airspeed is 105 KIAS. The airplane is equipped with a ballistic parachute recovery system within operational limits for this situation. What is the most appropriate action regarding the parachute system?