8 Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $274,500. Project 2 requires an initial investment of $186,000. 2 points Project 1 $ 168,000 Project 2 $ 148,000 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income eBook 82,000 37,000 25,000 $ 24,000 49,000 35,000 37,000 $ 27,000 Print References (a) Compute each project's annual net cash flows. (1) Compute payback period for each investment. Required A Required B Compute each project's annual net cash flows. Expected Net Cash Flow - Project 1 Net cash flow Expected Net Cash Flow - Project 2 Net cash flow Required A Required B Compute payback period for each investment. Payback Period Denominator: Numerator: Payback period Project 1 Project 2 -