Exercise 26-1 (Static) Payback period, equal cash flows, and depreciation adjustment LO P1 Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $135,000. Project 2 requires an initial investment of $98,000. (a) Compute esch project's annual net cash flow. (b) Compute payback period for each investment Complete this question by entering your answers in the tabs below. Compute each project's annual net cash flow. Exercise 26-1 (Static) Payback period, equal cash flows, and depreciation adjustment LO P1 nformation for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $135,000. Project 2 requires an initibl investment of $98,000. (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. Compute payback period for each investment