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There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $34,000 and is expected to

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There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $34,000 and is expected to generate the following cash flows: First Year Second Year Third Year Total Alpha Project $32,000 $23,000 $5,000 560,000 Beta Project 7,500 24,000 27,500 59,000 (Click here to see present value and future value tables) A. If the discount rate is 15%, 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 Projects Beta Projects B. Which project should be recommended

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