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	$32,500	$22,000	$5,500	$60,000
Beta Project	8,000	23,000	28,000	59,000

(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 .