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please see attached image Project Alpha requires an outlay of $15,000 immediately. Project Alpha has a 1-year life and is expected to produce a net

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Project Alpha requires an outlay of $15,000 immediately. Project Alpha has a 1-year life and is expected to produce a net cash flow at the end of one year of $19,500. Project Beta, a mutually exclusive alternative to Alpha, requires an outlay of $20,000 immediately. It too is expected to have a 1-year life and to produce a net cash flow at the end of one year of $29,000. a. Compute the internal rate of return for both projects. Round your answers to the nearest whole number. IRR Alpha: % IRR Beta: % Compute the NPV for both projects, using a cost of capital of 9 percent. Use Table II to answer the questions. Round your answers to the nearest dollar. NPV Alpha: $ NPV Beta: $ b. Which project should be undertaken? -Select

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