1 information for two alternative projects involving machinery investments Todows. Project requires an initial investment of >230,000 Project 2 requires an initial investment of $150,000. Project $10.000 10 ponte A M Sales of new product penses Materiale, labor, and overhead (except depreciation) Depreciation-achty selline, eral, and administrative op Income Project 1 $164,000 81,000 36.000 20.000 1:25.000 48,000 34.000 36.000 $26.000 (a) Compute each project's annual net cash flow (6) Compute payback period for each investment complete this question by entering your answers in the tabs below. Required Computerach project's annual niet cothrows isht Nach Exped Nur.Cash Flora Natashow Required Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $236,000. Project 2 requires an initial investment of $150,000. Project 1 $164,000 Project 2 $ 144,000 Annual Amounts Sales of new product Expenses Materiali, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 81,000 36,000 24,000 $ 23,000 48,000 34,000 36,000 $ 26,000 (a) Compute each project's annual net cash flows (6) Compute payback period for each investment Complete this question by entering your answers in the tabs below. Required A Required B Compute payback period for each investment Payback Period Denominator Numerator 1 Project 1 Project 2 Payback period 0 0 (Required A