Two new software projects are proposed to a young, start$-$up company. The Alpha

project will cost R$150,000$ to develop and is expected to have an annual net cash

flow over the next $5$ years of R$40,000.$

The Beta project will cost R$200,000$ to develop and is expected to have the following

annual net cash flows:

Briefly discuss other factors that should be considered when the company is making its final

decision and which limitation of the payback period is illustrated in the question above? $(3)$