Check my work Required information [The following information applies to the questions displayed below.) Part 1 of 2 Project A requires a $440,000 initial investment for new machinery with a five-year life and a salvage value of $46,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $24,800 per year for the next five years. 6.66 points Skipped Compute Project A's payback period. eBook Payback Period Choose Denominator: Choose Numerator: 1 = Payback Period Payback period Hint Print References Mc Graw Hill Education Type here to search 11:04 PM 11/4/2019