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	$ 371,000		Materials, labor, and overhead (except depreciation)	$ 83,475
Useful life	9	years	DepreciationMachinery	39,000
Salvage value	$ 20,000		Selling, general, and administrative expenses	9,275
Expected sales per year	18,550	units	Selling price per unit	$ 10

(a) Compute the investments annual income and annual net cash flow. (b) Compute the investments payback period.

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. (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. Compute the investment's annual income and annual net cash flow. 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. (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. Compute the payback period for this investment