5 2 point book Mc Graw Savad Help Save & Exit Submit Check my work Exercise 16-12A (Algo) Determining the payback period LO 16-4 Zachary Airline Company is used airplanes. The first air $6,900,000 per year. The p $39,600,000, it will enable and a zero salvage value. Required considering expanding its territory. The company has the opportunity to purchase one of two different is expected to cost $14,490,000, it will enable the company to increase its annual cash inflow by is expected to have a useful life of five years and no salvage value. The second plane costs company to increase annual cash flow by $9,000,000 per year. This plane has an eight-year useful life a. Determine the payback period for each investment alternative and identify the alternative Zachary should accept if the decision is based on the payback approach. (Round your answers to 1 decimal place.) -1 Alternative 1 (First plane) Altunative 2 (Second plane) 4-2 Zachary should accept Payback Period years years