Exercise 24-2 (Algo) Payback period, equal cash flows, and depreciation adjustment LO P1 Quary Company is considering an investment in machinery Customize and control Google Chrome. Update is available. Initial investment Useful life $ 380,000 Salvage value Expected sales per year 9 years $ 20,000 19,000 units Materials, labor, and overhead (except depreciation) Depreciation-Machinery $ 85,500 Selling, general, and administrative expenses Selling price per unit 40,000 9,500 $ 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 Sales of new product Expenses Depreciation-Machinery Materials, labor, and overhead (except depreciation) Selling, general, and administrative expenses Income Net cash flow Income Cash Flow $ 190,000 40,000 85,500 9,500 $ 55,000 $ 0 < Required A Required B >