There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $35,168 and expected to generate the following cash flows First Year Second Year Third Year Total Alpha Project $32,500 $23,000 $4,500 $60,000 Beta Project 8,000 23,500 28,038 59,538 A. Calculate the internal rate of return on both projects. Use the IRR spreadsheet function to calculate internal rate of return. Alpha Project 06 Beta Project O/ B. Make a recommendation on which one to accept. Alpha