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pls show work! Exercise 16-12A (Algo) Determining the payback period LO 16-4 Zachary Artine Company is considering expanding its territory. The company has the opportunity

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Exercise 16-12A (Algo) Determining the payback period LO 16-4 Zachary Artine 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 $14.260,000. It will enable the company to increase its annual cash inflow by $6,200,000 per year. The plane is expected to have a useful life of five years and no salvage value The second plane costs S43120.000, it will enable the compariy to increase annual cash flow by S9 800.000 per year. This plane has an eightyear usetul life and a Zero salvage value. Required a. Determine the payback period for each investment alternative and identity the alternative Zachary should accept if the decision is based on the payback approach (Round your answers to 1 decimo ploce.) 6-1. Aternative 1 (First plane) Aternative 2 (Second plane) a-2 Zachary should accept Payback Period your Vans

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