Alpha Company is evaluating the following two projects. The appropriate discount rate for both projects is 12% 1 0 2 3 4 5 Jets -100,000 20,000 30,000 40,000 60,000 80,000 Kawa -120,000 70,000 40,000 50,000 50,000 20,000 a) use NPV method and state which one is a better project. b) Calculate the IRRs and state which project is better. c) If company policy is to accept projects that payback initial investment within 3 years, do these projects satisfy that? d) If the projects are mutually exclusive, which project should Alpha undertake