Project Alpha and Beta Financials Project Alpha Project Beta *required rate of return is 10% NPV $35,270 $1,780 IRR* 10.4% 12.2% Payback Period 6 yearsSince NPV and IRR take into consideration the time value of money, which is a factor neglected in the payback period method, Alpha should be undertaken." I respect that view. However, for the sake of the assignment, here is my question to you: did you take into consideration that the capital investment for project B would be recouped more quickly and then could be re-invested? 2 years Initial Investment $65,000 $32,000