A firm needs to decide between two mutually exclusive projects. Project Alpha requires an initial investment of $48,000 today and is expected to generate cash flows of $61,000 for the next 4 years. Project Beta requires an initial investment of $75,000 and is expected to generate cash flows of $60,100 for the next 8 years. The cost of capital is 12%. 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 analysis? Project Alpha; $244,728 Project Alpha; $243.675 Project Beta; $223,555 Project Alpha; $224,521 Project Beta; $224,521