Badr & Sons. is evaluating 2 (TWO) mutually exclusive investment projects. INITIAL CAPITAL OUTLAY for both projects are as stated in Year 0. The companys REQUIRED RATE OF RETURN IS 10.50% and sets 2.5 YEARS AS ITS MINIMUM (DESIRED) PAYBACK PERIOD.

Information about cash flows from the project for the next four years is tabulated below:

Information about cash flows from the project for the next four years is tabulated below: YEAR 0 1 2 3 4 PROJECT ALPHA SR -185.000 45.000 75.000 55.000 66,000 PROJECT BETA SR -145,000 41,000 45.000 55.000 70.000 What is PAYBACK PERIOD for PROJECT BETA ONLY