6. A firm needs to decide between two mutually exclusive projects Project Alpha requires an initial investment of $35,000 today and is expected to generate cash flows of $12,000 for the next 4 years. Project Beta requires an initial investment of $36,000 and is expected to generate cash flows of $16,700 for the next years. The cost of capital is 9%. The projects can be repeated with no change in cash flows. What is the NPV of the project that would be selected based on the replacement chain an ? Project Beta: $6,431 Project Beta: $6,523 Project Alpha: 57,087 Project Alpha 56,623 Project Alpha 55317