Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $192.500 Project 2 requires an initial investment of $144,000, Project $ 115,000 Project 2 $ 95,000 Annual Amounts Sales of new product penses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, and administrative expenses Income 69,000 24,000 12,000 $11,000 36,000 22,000 24,000 314,000 (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. Complete this question by entering your answers in the tabs below. Required A Required B Compute each project's annual net cash flow Annual Amounts Project 1 Cash Flow Income Project 2 Income Cash Flow 96.000 5 110,000 23,000 $ 69 000 Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation - Machinery Selling general, and administrative expenses Income No cash flow 24,000 12.000 11,000 36,000 22.000 24.000 14.000 $ $ $ 23 000 $ RA Required 8 > Complete this question by entering your answers in the tabs below. Required A Required B Compute payback period for each investment. Numerator Payback Period Denominator: Project 1 Project 2 Paytrack period 0