Zachary 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 $15,500,000; 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 $38,180,000; it will enable the company to increase annual cash flow by $8,300,000 per year. This plane has an eight-year useful life and a zero salvage value. Requlred 61. Determine the payback period for each investment alternative. 02. Identify the alternative Zachary should accept if the decision is based on the payback approach. Note: Round your answers to 1 declmel ploce