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Adams Airline Company is considering expanding its territory. The company has the opportunity to purchase one of two different used altplanes. The first almiane is

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Adams Airline Company is considering expanding its territory. The company has the opportunity to purchase one of two different used altplanes. The first almiane is expected to cost $16,100,000, it will enable the company to increase its annual cash inflow by 57.000.000 per year. The plane is expected to have a useful life of five years and no salvage value The second plane costs 544 640,000. It will enable the company to increase annual cash flow by $9,300,000 per year This plane has an eight-year useful life and a zeto salvage value Required a. Determine the payback period for each investment alternative and identify the alternative Adams should accept if the decision is based on the payback approach (Round your answers to 1 decimal place.) Payback Period yen 1-1 Amatve 1 fat plan Amatve 2 (Second plano) 2.2 Adams should accept yen

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