Question: eBook Print Item Question Content Area There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment

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There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $36,000 and is expected to generate the following cash flows:

	First Year	Second Year	Third Year	Total
Alpha Project	$32,500	$23,000	$5,500	$61,000
Beta Project	7,000	23,000	27,500	57,500

(Click here to see present value and future value tables) https://openstax.org/books/principles-managerial-accounting/pages/b-time-value-of-money

A. If the discount rate is 10%, compute the NPV of each project. Round your present value factor to three decimal places and final answer to answer to 2 decimal places.

Alpha Project	$fill in the blank
Beta Project	$fill in the blank

B. Which project should be recommended.

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