Consider projects Alpha and Beta: Cash Flows ($) Project C0 C1 C2 IRR (%) Alpha 398,000 253,000 212,997 12 Beta 199,000 137,000 112,000 17 The opportunity cost of capital is 8%. Suppose you can undertake Alpha or Beta, but not both. Use the IRR rule to make the choice. (Hint: Whats the incremental investment in Alpha?) Which project did you choose?