Fanning 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 $17,690,000; it will enable the company to increase its annual cash Inflow by $6,100,000 per year. The plane is expected to have a useful life of five years and no salvage value. The second plane costs $30,080,000; it will enable the company to increase annual cash flow by $9,400,000 per year. This plane has an eight-year useful life and a zero salvage value. Required a1. Determine the payback period for each investment alternative. a2. Identify the alternative Fanning should accept if the decision is based on the payback approach. Note: Round your answers to 1 decimal place