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QS 25-1 Payback period LO P1 Park Co. is considering an investment that requires immediate payment of $36,000 and provides expected cash inflows of $12,000 annually for four years. What is the investment's payback period? Payback Period Choose Numerator: Choose Denominator: = Payback Period Payback period / - 0 ! Required information Use the following information for the Quick Study below. (The following information applies to the questions displayed below.] Project A requires a $380,000 initial investment for new machinery with a five-year life and a salvage value of $39,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $23,000 per year for the next five years. QS 25-5 Payback period LO P1 Compute Project A's payback period. Payback Period 1 Choose Denominator: Choose Numerator: = Payback Period Payback period / = II II 0