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. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income (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 $ 100,000 Project 2 $ 80,000 65,000 20,000 32,000 8,000 18,000 20,000 $ 7,000 $ 10,000 Project 1 Project 2 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 SA $ Project 1 Income Cash Flow Income $ 100,000 80,000 65,000 20,000 8,000 7,000 Project 2 Cash Flow 32,000 18,000 20,000 $ 10,000 0 < Required A Required B > EA 0 Complete this question by entering your answers in the tabs below. Required A Required B Compute payback period for each investment. Project 1 Project 2 Numerator: Payback Period Denominator: < Required A = Payback period = || = Required B 0 0 Check my work