ed Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $256,500. Project 2 requires an initial investment of $174,000. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project 1 $ 160,000 Project 2 $ 140,000 47,000 80,000 35,000 23,000 33,000 35,000 $ 22,000 $ 25,000 k t (a) Compute each project's annual net cash flow. ces (b) Compute payback period for each investment. Complete this question by entering your answers in the tabs below. Required A Required B Compute each project's annual net cash flow. Annual Amounts Sales of new product Expenses 0 Project 1 Project 2 Income Cash Flow Income Cash Flow $ 160,000 $ 140,000 (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. Required A Required B Compute each project's annual net cash flow. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Net cash flow Project 1 Project 2 Income Cash Flow Income Cash Flow $ 160,000 $ 140,000 80,000 35,000 23,000 + $ 22,000 $ 47,000 33,000 35,000 69 $ 25,000 $ 0 (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. Required A Required 3 Required B Compute payback period for each investment. Project 1 Project 2 Numerator: Payback Period Denominator: < Required A = Payback period = JI = II Required B > 0