Consider projects Alpha and Beta:

Cash Flows, $ Project C0. C1. C2 IRR (%) Alpha. 394,000 +257,000 +309,000 27 Beta. 195,000 +139,000 +180,000 38

The opportunity cost of capital is 8%.Suppose you can undertake Alpha or Beta, but not both.

a.

What is the NPV for each project?(Do not round intermediate calculations. Round your answers to 2 decimal places.)

ProjectNPV Alpha$ ? Beta$ ?

b.Which project did you choose?Beta/Alpha