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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 0 1 2 3 4 PROJECT ALPHA SR -185,000 45,000 75,000 55,000 66,000 PROJECT BETA SR -145.000 41,000 45.000 55.000 70.000 What is PAYBACK PERIOD for PROJECT ALPHA ONLY

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