Question: Two new software projects are proposed to a young, start-up company. The Alpha project will cost $480,000 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 $480,000 to develop and is expected to have annual net cash flow of $60,000. The Beta project will cost $220,000 to develop and is expected to have annual net cash flow of $25,000. 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 decimal places.) years Payback period for project Alpha Payback period for project Beta The better project is years

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