Question: Two new software projects are proposed to a young, start-up company. The Alpha project will cost $1,150,000 to develop and is expected to have annual

Two new software projects are proposed to a
Two new software projects are proposed to a young, start-up company. The Alpha project will cost $1,150,000 to develop and is expected to have annual net cash flow of $140,000. The Beta project will cost $1,200,000 to develop and is expected to have annual net cash flow of $150,000. The company is very concerned about their cash flow. Using the payback period, which project is better from a cash flow standpoint? Why? (25 MARKS)

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