EX$2-2($Static$)$ Two new software projects...

Two new software projects are proposed to a young, start$-$up company.

The Alpha project will cost $$150,000$ to develop and is expected to have an annual net cash flow of $$40,000.$

The Beta project will cost $$200,000$ to develop and is expected to have an annual net cash flow of $$50,000.$

The company is very concerned about their cash flow.

Calculate the payback period for each project. Which project is better from a cash flow standpoint? $($Round your answers to $2$ decimal places.$)$