Bailey Co. has an opportunity to purchase one of four annuities. Each annuity has different characteristics, as shown in the following table: Annuity Name Term Amount of Each Payment Alpha 2 years $500 Beta 2 years $1000 Gamma 4 years $250 Delta 4 years $500 Frequency of Payment Semi-annually Annually Semi-annually Annually The market interest rate for each of the annuities for the duration of the term is 10%. If Bailey Co. only has $1,600 cash available to purchase one of the annuities, which annuity can Bailey afford to purchase? :*