Information for two alternative projects involving machinery Investments follows. Project 1 requires an initial Investment of $202.500. Project 2 requires an initial Investment of $138.000 Annual Amounts Project 1 Project 2 Sales of new product $ 136,000 $ 116,620 Expenses Materials, labor, and overhead (except depreciation) 74.000 41.00 Depreciation-Machinery 29,000 27,600 Selling, general, and administrative expenses 17.000 29,00 Income $ 16,000 $ 19,600 (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. Required A Required B Compute each project's annual net cash flow. Annual Amounts Project 1 Income Cash Flow 136,000 Project 2 Income Cash Flow $ 116,000 $ Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Seling. general, and administrative expenses Income Net cash flow 74,000 29,000 17.000 16,000 41.000 27.000 29,000 19,000 $ $ $ $ Information for two alternative projects involving machinery Investments follows. Project 1 requires an initial Investment of $202.500. Project 2 requires an initial investment of $138.000. Annual Amounts Project 1 Project 2 Sales of new product $ 136,080 $ 116,000 Expenses Materials, labor, and overhead (except depreciation) 74,000 41,eee Depreciation-Machinery 29,000 27,000 Selling, general, and administrative expenses 29.eee Income $ 16,00 $ 19,eee 17.000 (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. Required A Required B Compute payback period for each investment. Payback Period Denominator: Numerator. 1 1 = Project 1 Project 2 Payback period 0 0