you are the CFO of XYZ Co. that prints textbook using an outdated system. the owner provides you with the following information about a new super modification project "Alpha" that will last for 7 years. the project requires a new machine that costs $100,000 today. the projcet will not generate any cash flow at time 1. in years 2 and 3, the annual cash flows is $25,000. in years 4 and 5 the annual cash flow is $30,000, in year 6 it is -$10,000, and in year 7 it is $60,000. the required rate of return is 6 percent. provide numerical support for credit.

There is an alternative mutually exclusive project "Beta" which has the following information:

payback period: 4 year 7.2 months, discounted payback period: 6 years 4 months, NPV: $10,000, Pl ratio: 1.24, IRR: 9 percent , and MIRR: 8 percent. which project will you choose using each of the different criteria?