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Project Alpha has an initial cost of $545,000 and projected cash flows of $254,000, $307,000, and $191,000 for Years 1 to 3, respectively. Project Beta

Project Alpha has an initial cost of $545,000 and projected cash flows of $254,000, $307,000, and $191,000 for Years 1 to 3, respectively. Project Beta has an initial cost of $386,000 and projected cash flows of $179,000, $195,000, and $183,000 for Years 1 to 3, respectively. What is the incremental IRR of these two mutually exclusive projects?

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