There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $34,000 and is expected to generate the following cash flows: First Year Second Year Third Year Total Alpha Project Beta Project $32,000 7,000 $22,000 24,000 $4,500 $58,500 27,500 58,500 (Click here to see present value and future value tables) A. If the discount rate is 15%, 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 s Beta Project B. Which project should be recommended. Alpha