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There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $35,611 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 $35,611 and is expected to generate the following cash flows: A. Calculate the internal rate of return on both projects. Use the IRR spreadsheet function to calculate internal rate of return. \begin{tabular}{l|l} Alpha Project & % \\ \hline Beta Project & % \end{tabular} B. Make a recommendation on which one to accept

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