any develop and is expected to have annual net cash flow of $40,000. The Beta project will cost $200,000 to develop and is expected to have annual net cash flow of $50,000. The company is very concerned about their cash flow. Using the payback period, which project is better from a cash flow standpoint? Why? Required: Show calculations for payback periods. Payback (Alpha): Payback (Beta): ANSWER (for 4); 4a. Assume that the rate of inflation is 6%, use the Net Present Value (NPV), approach to calculate the NPV for both projects. Which project would you now recommend? Why? Required: Show calculations for Net Present Values. NPV (Alpha): NPV (Beta)