1 Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $135,000. Project 2 requires an initial investment of $98,000. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Book rint Income (a) Compute each project's annual net cash flow. (b) Compute payback period for each investment. Complete this question by entering your answers in the tabs below. ences Required A Required B Compute payback period for each investment. Project 1 Project 2 Numerator: Project 1 $ 100,000 Project 2 $ 80,000 65,000 20,000 32,000 18,000 8,000 20,000 $ 7,000 $ 10,000 Payback Period Denominator: = Payback period = = < Required A Required B >