A company is considering a $$155,000$ investment in machinery with the following net cash flows. The company requires a $10\%$ returnInformation for two alternative projects involving machinery investments follows. Project $1$ requires an initial investment of $$268,000.$

Project $2$ requires an initial investment of $$170,000.$

$($a$)$ Compute each project's annual net cash flow.

$($b$)$ Compute payback period for each investment.

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Required B

Compute each project's annual net cash flow.

on its investments. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

$($a$)$ Compute the net present value of this investment.

$($b$)$ Should the machinery be purchased?

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Compute the net present value of this investment. $($Round your present value factor to $4$ decimals. Round your final answers

to the nearest whole dollar.$)$