Financial Assessment A company is considering two projects, Alpha and Beta. Project Alpha requires an initial investment of $900 and returns $500 annually for 2 years. Project Beta requires $900 and returns $600 and $400 in the next 2 years.

Requirements:

1. Compute the IRR for both projects.
2. Determine the NPVs at discount rates of 5%, 10%, and 20%.
3. Sketch the NPV profiles for both projects.
4. Recommend which project to choose if the cost of capital is 10%.