Bailey Airline Company is considering expanding its territory. The company has the opportunity to purchase one of two different used airplanes. The first airplane is expected to cost $18,500,000; t will enable the company to increase its annual cash inflow by $5,000,000 per year. The plane is expected to have a useful life of five years and no salvage value. The second plane costs $29,440,000; it will enable the company to increase annual cash flow by $9,200,000 per year. This plane has an eight-year useful life and a zero salvage value. Required a-1. Determine the payback period for each investment alternative. Round your answers to 1 decimal place.) Aternative 1 years AlRemative 2 years a Identify the alternative Bailey should accept if the decision is based on the payback approach Alternative 2 Alternative 1