24 q1

Required Information Use the following information for the Quick Study below. [The following information applies to the questions displayed below) Project A requires a $335,000 Initial investment for new machinery with a five-year life and a salvage value of $50,000 The company uses straight-line depreciation Project A is expected to yield annual net income of $20,100 per year for the next five years QS 24-5 Payback period LO P1 Compute Project A's payback period. Payback Period Choose Numerator: Choose Denominator: Payback Period 1 Payback period