Exercise 11-5 Payback period computation; even cash flows LO P Compute the payback period for each of these two separate investments: a. A new operating system for an existing machine is expected to cost $280,000 and have a useful life of five years. The system yields an incremental after-tax income of $80,769 each year after deducting its straight-line depreciation. The predicted salvage value of the system is $11,000 b. A machine costs $180,000, has a $15,000 salvage value, is expected to last ten years, and will generate an after-tax income of $44,000 per year after straight-line depreciation. Payback Period Choose Numerator: Choose Denominator:Payback Pe | # | Payback period a. b. Exercise 11-5 Payback period computation; even cash flows LO P Compute the payback period for each of these two separate investments: a. A new operating system for an existing machine is expected to cost $280,000 and have a useful life of five years. The system yields an incremental after-tax income of $80,769 each year after deducting its straight-line depreciation. The predicted salvage value of the system is $11,000 b. A machine costs $180,000, has a $15,000 salvage value, is expected to last ten years, and will generate an after-tax income of $44,000 per year after straight-line depreciation. Payback Period Choose Numerator: Choose Denominator:Payback Pe | # | Payback period a. b