Exercise 16-12A (Algo) Determining the payback period LO 16-4 Campbell Airline Company is considering expanding its tentory. The company has the opportunity to purchase one of two different used airplanes. The first airplane is expected to cost $13.750.000 t will enable the company to increase its annual cash inflow by $5,500,000 per year. The plane is expected to have a useful fe of five years and no salvage value. The second plane costs $40.920.000; it will enable the company to increase annual cash flow by $0.300,000 per year. This plane has an eight-year useful and a zero salvage v Required a. Determine the payback period for each investment alternative and identify the attentive Compte should accept the decision based on the payback approach, (Round your answers to 1 decimal place) Alamative 2 (Second plane) 2. Campbell should abet Payback Perd