Question: EX2-2 (Algo) Two new software projects... Two new software projects are proposed to a young, start-up company. The Alpha project will cost $310,000 to develop

EX2-2 (Algo) Two new software projects... Two new software projects are proposed to a young, start-up company. The Alpha project will cost $310,000 to develop and is expected to have annual net cash flow of $40,000. The Beta project will cost $120,000 to develop and is expected to have annual net cash flow of $15,000. 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.) Payback period for project Alpha ences years Payback period for project Beta The better project is years

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