10 Required information (The following information applies to the questions displayed below.) 01:56:33 Project A requires a $370,000 initial investment for new machinery with a five-year life and a salvage value of $31,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $21,100 per year for the next five years. Compute Project A's payback period. Payback Period Choose Denominator: Choose Numerator: Payback Period Payback period ! 11 Required information [The following information applies to the questions displayed below.] & 01:56:18 Following is information on an investment considered by Hudson Co. The investment has zero salvage value. The company requires a 3% return from its investments. Investment A1 $(360,000) Initial investment Expected net cash flows in year: 1 2 3 175,000 140,000 89,000 Assume that instead of a zero salvage value, shown above, the investment has a salvage value of $23,000. Compute the investment's net present value. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round all present value factors to 4 decimal places.) Cash Flow Present Value of 1 at 3% Present Value Year 2 Year 3 Totals Amount invested Net present value