2. There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment or $28,000 and is expected to generate the following cash flows: Alpha Project Beta Project Year 1 22,000 12,700 Year 2 23,500 22,000 Year 3 5,000 15,800 Total 50,500 50,500 If the discount rate is 5% compute the NPV of each project and make a recommendation of the project to be chosen n=1 5% - 0.952 n=2 5% -0.907 n=35%-0.864