ES Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $274,500. Project 2 requires an initial investment of $186,000. Annual Amounts Sales of new product Expenses Project 1 $ 168,000 Project 2 $ 148,000 82,000 37,000 25,000 49,000 35,000 37,000 $ 24,000 $ 27,000 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. 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 Project 1 Project 2 Income Cash Flow Income Cash Flow S 168.000 S 148.000 Materials, labor, and overhead (except depreciation) 82.000 Depreciation-Machinery 37,000 Selling, general, and administrative expenses 25.000 3 24.000 income Net cash flow Required B 49.000 35,000 37.000 6 27.000