Mitchell Company has $30,000 to invest and has two alternative uses of the funds, as shown below. Mitchell Company uses an 8% discount rate: Ignore income taxes. Required: a. Determine the net present value. (Hint. Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations and round your final answers to the nearest dollar amount.) Required: a. Determine the net present value. (Hint. Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations and round your final answers to the nearest dollar amount.) b. Which investment would you recommend that the company accept? Project Alpha Project Beta