Use the following information to answer the next 2 quesions. 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: Year 1 Year 2 Year 3 Total Alpha Project $31,500 $21,000 $4,000 $56,500 Beta Project $8,500 $24,000 $28,000 $60,500 If the discount rate is 1296, compute the NPV of each project. (Use the PV tables in your textbook in the "Time Value of Money" chapter at the end.) Enter cash outflows as negative numbers. Round present value amounts to the nearest whole dollar. After-Tax Cash Flows 12% Discount Factor Present Values Year 10 $ $ $ $ $ 13 $ $ NPV for Alpha project $ After-Tax Cash Flows 12% Discount Factor Present Values Year 10 $ 1 $ $ 12 $ $ 3 $ NPV for Beta project $