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A company is considering two options. The first plan will cost $1 200,000 today. It will generate revenues of $250,000 each year for 6 years, and have annual operating costs of $50,000. The second plan costs $2,000,000 today. It will also generate revenues of $500,000 each year for 6 years, but its annual operating costs will be $100,000 Which of the following statements are true? ' The payback period for option #1 is 6 years; the payback period for option #2 is 5 years \\ The payback period for option #1 is4.8 years; the payback period for option #2 is 4 years ' Costs will be recovered more quickly by choosing option #1 than option #2 \\ The payback period for both options is 5 years