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10. (10 pts) Two mutually exclusive projects, Alpha and Beta have free cash flows listed below. The firm has a cost of capital of 15%.

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10. (10 pts) Two mutually exclusive projects, Alpha and Beta have free cash flows listed below. The firm has a cost of capital of 15%. Calculate the NPV and IRR of Alpha and Beta and determine which of the two projects should be selected Year o Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Alpha Beta -$15,000-$31,000 $5,000 $10,000 $5,000 $10,000 $5,000 $10,000 $5,000 $10,000 $5,000 $10,000 $5,000 $10,000

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