Question: (10 points) Alpha Inc. has the following two projects that it is considering, and it wants to choose one. Project A has an investment outlay/expense

(10 points) Alpha Inc. has the following two projects that it is considering, and it wants to choose one. Project A has an investment outlay/expense today of $900, and its cash flows over the next three years are $420, $550, and $630. Project B has an outlay of $1,800, and cash flows of $880, $1,110, and $1,180. Which project should Alpha choose? (You can assume no taxes.)

a)Cannot make a choice based on information given

b)Project A

c)Does not matter; both are essentially the same

d) Project B (incorrect) X

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