Cash Flows ($ mln) Projects CFo CF1 CF2 CF3 CF4 Alpha -12.55 4.75 4.75 4.75 4.75 Beta -8.25 3.85 4.75 4.95 0 Gamma -6.25 0 0 0 12.75 Delta -24.95 0 0 43.95 Popcorn Corp. is considering the above four mutually exclusive projects. The firm has a marginal tax rate of 25%, an average tax rate of 17.5% and a WACC of 7.25%. Project Beta has a payback period of years. years and a discounted payback period of Cash Flows ($ mln) Projects CFo CF1 CF2 CF3 CF4 Alpha -12.55 4.75 4.75 4.75 4.75 Beta -8.25 3.85 4.75 4.95 0 Gamma -6.25 0 0 0 12.75 Delta -24.95 0 0 0 43.95 Popcorn Corp. is considering the above four mutually exclusive projects. The firm has a marginal tax rate of 25%, an average tax rate of 17.5% and a WACC of 7.25%. Project Delta has a payback period of years. years and a discounted payback period of