Check my work Required information Use the following information for the Quick Study below. (The following information applies to the questions displayed below.) Part 1 of 2 Project A requires a $375,000 initial investment for new machinery with a five-year life and a salvage value of $42,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $27,700 per year for the next five years. 1.25 points QS 24-5 Payback period LO P1 eBook Hint Compute Project A's payback period. Ask Print Payback Period Choose Denominator: Choose Numerator: - Payback Period - Payback period References