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: Invest in Invest in Project Project Alpha $ 8,000 10 years Beta 30,0003e,000 Investment required Annual cash inflows Single cash inflow at the end of 10 years Life of the project $120,000 10 years 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.) Project Net Present Alpha Beta Value