Vernon 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 $15 , 410 , 000 ; it will enable the company to increase its annual cash inflow by $6 , 700 , 000 per year. The plane is expected to have a useful life of five years and no salvage value. The second plane costs $39 , 060 , 000 ; it will enable the company to increase annual cash flow by $9 , 300 , 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 Vernon should accept if the decision is based on the payback approach. Note: Round your answers to 1 decimal place