Question: EX 2 - 2 ( Algo ) Two new software projects... Two new software projects are proposed to a young, start - up company. The

EX2-2(Algo) Two new software projects...
Two new software projects are proposed to a young, start-up company.
The Alpha project will cost $500,000 to develop and is expected to have annual net cash flow of $60,000.
The Beta project will cost $200,000 to develop and is expected to have annual net cash flow of $23,000.
The company is very concerned about their cash flow.
Calculate the payback period for each project. Which project is better from a cash flow standpoint? (Round your answers to 2 decimal places.)

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