Question 14 Not yet answered Using the cash flows given in the table below for mutually exclusive projects Alpha and Beta, assist the Chief Financial Officer in finding the breakeven rate (the crossover point or the rate of indifference). Which project do you recommend if using a cost of capital of 9% and Why? YEAR PROJECT ALPHA PROJECT BETA Marked out of 2.00 Flag question 0 -175 000 -82 500 1 40 000 30 000 2 60 000 10 500 3 85 000 40 000 4 92 000 75 000 5 92 000 92 000 Select one: O a. Project Alpha as it has greater NPV and IRR than project Beta. O b. The breakeven rate is the same at the cost of the capital so either projects can be chosen O c. Project Beta as its cost of capital exceeds the 8.41 % breakeven rate. O d. The breakeven point is 11.38% and so Project Alpha should be selected