Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $283,500. Project 2 requires an initial investment of $192,000. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project 1 $ 172,000 Project 21 $ 152,000 83,000 50,000 38,000 26,000 $ 25,000 36,000 38,000 $ 28,000 (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 each project's annual net cash flow. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Net cash flow Project 1 Project 2 Income Cash Flow Income Cash Flow $ 172,000 $ 152,000 83,000 50,000 38,000 36,000 26,000 38,000 $ 25,000 $ 28,000 $ 0 $ Complete this question by entering your answers in the tabs below. Required A Required B Compute payback period for each investment. Numerator: Project 11 Project 2 Payback Period Denominator: Payback period 0 0 Required > "