1 Part 1 of 2 142 points Required Information [The following Information applies to the questions displayed below.] Project A requires a $375,000 Initial Investment for new machinery with a five-year life and a salvage value of $49,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $22,600 per year for the next five years. +Book H 10 10 Pront References Compute Project A's payback period. Choose Numerator Cost of investment $ Payback Period Choose Denominator: Annual net cash flow Payback Period Payback period 375,000 $ 40,000 7.05 years