ces Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $172,000.. Project 2 requires an initial investment of $110,000. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income (a) Compute each project's annual net cash flow. (b) Compute payback period for each investment. Required A Required B Complete this question by entering your answers in the tabs below. Compute each project's annual net cash flow. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery $ Income Project 1 132,000 Project 1 $ 132,000 73,000 28,000 73,000 28,000 16,000 $ 15,000 Cash Flow $ Project 2 $ 112,000 40,000 26,000 28,000 $ 18,000 Income Project 2 112,000 40,000 26,000 Cash Flow

Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $172,000. Project 2 requires an initial investment of $110,000. (a) Compute each project's annual net cash flow. (b) Compute payback period for each investment. Complete this question by entering your answers in the tabs below. Compute each project's annual net cash now. Compute each project's annual net cash flow. (a) Compute each project's annual net cash flow. (b) Compute payback period for each investment. Complete this question by entering your answers in the tabs below. Compute payback period for each investment