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Badr & Sons, is evaluating 2 (TWO) mutually exclusive investment projects, INITIAL CAPITAL OUTLAY for both projects are as stated in Year 0. The company's

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Badr & Sons, is evaluating 2 (TWO) mutually exclusive investment projects, INITIAL CAPITAL OUTLAY for both projects are as stated in Year 0. The company's REQUIRED RATE OF RETURN IS 10.50% and sets 2.5 YEARS AS ITS MINIMUM (DESIRED) PAYBACK PERIOD Information about cash flows from the project for the next four years is tabulated below: YEAR PROJECT ALPHA PROJECT BETA SR -185,000 SR -145.000 45,000 41,000 75,000 45,000 55.000 55,000 66,000 70,000 What is PAYBACK PERIOD for PROJECT BETA ONLY

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