You are evaluating the following mutually exclusive projects for your firm, whose cost of capital is 14%, and all dollar amounts are in millions. 1. Verify the NPV and IRR of each project. 2. What is your recommendation? Projec Required Life 10 NCF 1 -n NPV IRR t Return Alpha 12% 10 $50 $20 $63 38.45% years Beta 8% 5 $50 $25 $49.82 41.04%