Fanning Airline Company is considering expanding its territory. The company has the opportunity to purchase one of two differen used airplanes. The first airplane is expected to cost $11,970,000 it will enable the company to increase its annual cash inflow by $5.700,000 per year. The plane is expected to have a useful life of five years and no salvage value. The second plane costs $45,540,000; it will enable the company to increase annual cash flow by $9,900,000 per year. This plane has an eight-year usefu and a zero salvage value. Required a. Determine the payback period for each investment alternative and identify the alternative Fanning should accept If the decision based on the payback approach (Round your answers to 1 decimal place) Payback Period years a-1. Alternative 1 (First plane) Alternative 2 (Second plane) a-2. Fanning should accept years