Year	Project Alpha	Project Beta
0	-$2,750,000.00	-$1,400,000.00
1	$100,000.00	$60,000.00
2	$111,707.25	$67,465.60
3	$115,499.14	$71,626.00
4	$123,556.88	$76,816.75
5	$131,590.18	$79,428.88
6	$148,831.52	$85,771.66
7	$167,815.36	$89,383.03
8	$186,167.39	$96,574.29
9	$196,020.93	$101,834.89
10	$208,530.79	$115,088.07
11	$228,860.04	$124,936.97
12	$240,727.50	$140,507.89
13	$260,247.82	$152,880.67
14	$289,213.75	$166,443.33
15	$325,524.28	$179,488.78
16	$344,211.13	$195,305.97
17	$357,944.61	$212,005.35
18	$391,817.58	$224,915.01
19	$430,272.37	$235,772.34
20	$484,933.94	$262,804.92
NPV
IRR

Year 0 Your company is able to borrow money at a 3% interest rate. What are the net present value and internal rate of the return of the following two projects? Round the IRR to two decimal places. Project Alpha $2,750,000.00 $100,000.00 $111,707.25 $115,499.14 $123,556.88 $131,590.18 $148,831.52 $167,815.36 $186,167.39 $196,020.93 $208,530.79 $228,860.04 $240,727.50 $260,247.82 $289,213.75 $325,524.28 $344,211.13 $357,944.61 $391,817.58 $430,272.37 $484,933.94 Project Beta $1,400,000.00 $60,000.00 $67,465.60 $71,626.00 $76,816.75 $79,428.88 $85,771.66 $89,383.03 $96,574.29 $101,834.89 $115,088.07 $124,936.97 $140,507.89 $152,880.67 $166,443.33 $179,488.78 $195,305.97 $212,005.35 $224,915.01 $235,772.34 $262,804.92 20 NPV IRR