Question: Consider the following two mutually exclusive projects: What is the IRR of each project and which project would you choose? begin{tabular}{|lcccc|c|c|} hline Year & 0

 Consider the following two mutually exclusive projects: What is the IRR

Consider the following two mutually exclusive projects: What is the IRR of each project and which project would you choose? \begin{tabular}{|lcccc|c|c|} \hline Year & 0 & 1 & & 2 & & 3 \\ \hline Project Alpha & $(20,600.00) & $9,000.00 & $ & 9,400.00 & $ & 8,950.00 \\ \hline Project Beta & $(20,600.00) & $10,400.00 & $ & 7,950.00 & $ & 8,850.00 \\ \hline \end{tabular}

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