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 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. Project 1 Project 2 $ 116,000 $ 96,000 69,000 36,000 22,000 24,000 24,000 12,000 $ 11,000 $ 14,000 (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 Project 1 Project 2 Income Cash Flow Income Cash Flow $ 116,000 $ 96,000 Materials, labor, and overhead (except depreciation) 69,000 Depreciation-Machinery 24,000 Selling, general, and administrative expenses 12,000 Income $ 11,000 Net cash flow $ Required & Required B > 36,000 22,000 24,000 S 14.000 S 0 Information for two alternative projects involving machinery investments follows. Project 1 requires an initial Project 2 requires an initial investment of $144,000. 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. Project 1 $ 116,000 Project 2 $ 96,000 69,000 36,000 24,000 12,000 $ 11,000 24,000 $ 14,000 22,000 (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. Project 1 Annual Amounts Project 2 Income Cash Flow Income Cash Flow Sales of new product 116,000 96.000 Expenses Materials, labor, and overhead (except depreciation) 69.000 Depreciation-Machinery 24,000 Selling, general, and administrative expenses 12,000 Income 11,000 Net cash flow 36,000 22,000 24.000 14,000 0 Required A Required B > Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investme Project 2 requires an initial investment of $144,000. 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. Project 1 $ 116,000 Project 2 $ 96,000 69,000 24,000 12,000 $11,000 $ 14,000 36,000 22,000 24,000 (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. Numerator: Project 1 Project 2 Payback Period Denominator: Payback period 0 0 < Required A Resulted B