You are considering three capital budgeting projects: Alpha, Beta and Gamma. Each project requires an initial investment of $50,000. The projected cash flows from the projects are provided in the table below. Your discount is 10%. Year Alpha Beta Gamma 0 ($50,000) ($50,000) ($50,000) 1 $ 40,000 $ 5,000 $ 20,000 2 $ 10,000 $ 10,000 $ 20,000 3 $ 8,000 $ 50,000 $ 20,000 Calculate the payback for each project. Alpha Beta Gamma Calculate the net present value for each project. Alpha Beta Gamma Calculate the internal rate of return for each project. Alpha Beta Gamma Which project(s) would you accept if they are all independent; if more than one, list alphabetically? Which project(s) would you accept if Alpha and Beta are mutually exclusive, if more than one, list alphabetically