Exercise 24-2 (Algo) Payback period, equal cash flows, and depreciation adjustment LO P1 Quary Company is considering an Investment in machinery with the following Information. Initial investment $ 236,000 Useful life Salvage value Expected sales per year 9 years $ 20,000 11,800 units Materials, labor, and overhead (except depreciation) Depreciation-Machinery $ 53,100 24,000 Selling, general, and administrative expenses Selling price per unit 5,900 $ 10 (a) Compute the Investment's annual Income and annual net cash flow. (b) Compute the Investment's payback period. Complete this question by entering your answers in the tabs below. Required A Required B Compute the investment's annual income and annual net cash flow. Annual Amounts Expenses Income Net cash flow Income Cash Flow $ 0 $ < Required A Required B >