Compute the payback period for each of these two separate investments: a. A new operating system for an existing machine is expected to cost $270,000 and have a useful life of four years. The system yields an incremental after-tax income of $77,884 each year after deducting its straight-line depreciation. The predicted salvage value of the system is $10,000. b. A machine costs $210,000, has a $14,000 salvage value, is expected to last nine years, and will generate an after-tax income of $43,000 per year after straight-line depreciation Choose Numerator: Choose Denominator: Payback Period t of investment Annual net cash flow Payback period 270,000 210,000