6. a firm needs to decide between two mutually exclusive projects. Project Alpha requires an initial investment of $23,000 today and is expected to generate cash flows of $75,000 for the next 5 years. Project Beta requires an initial investment of $101,000 and is expected to generate cash flow of $83,300 for the next 10 years. The cost of capital is 6%. the project can be repeated with no cash flow. What is the NPV of the project that would be selected based on the replacement chain analysis?

A) Project Alpha; $511,820

B) Project Beta; $537,411

C) Project Beta; $527,458

D) Project Beta; $512,095

E) Project Alpha; $512,095