PAZ. .0 11.4 There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $35,000 and is expected to generate the following cash flows: Year 1 Year 2 Year 3 Total Alpha Project $32,000 $22,500 $5,000 $59,500 Beta Project 7,500 23,500 28,000 59.000 Use the information from the previous exercise to calculate the internal rate of return on both projects and make a recommendation on which one to accept. For further instructions on internal rate of return in Excel, see Appendix C