PA6. LO 11.4 There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $35,000 and is expected to generate the following cash flows: Year 1 Alpha Project $32,000 Beta Project 7,500 Year 2 Year 3 Total $22,500 $ 5,000 $59,500 23,500 28,000 59,000 If the discount rate is 12%, compute the NPV of each project