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: First Year Second Year Third Year Total Alpha Project Beta Project $32,500 8,000 $22,000 24,000 $4,500 $59,000 28,000 60,000 (Click here to see present value and future value tables) A. If the discount rate is 10%, compute the NPV of each project. Round your present value factor to three decimal places and final answer to answer to 2 decimal places. Alpha Project $ Beta Project $ B. Which project should be recommended. Alpha Beta