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-achinery Selling, general, and administrative expenses Project 1 $ 100,000 Project 2 $ 80,000 65,000 32,000 10,000 20,000 20,000 8,000 $ 7,000 $10,000 Income (e) 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 Income Project 1 Cash Flow Project 2 income Cash Flow Complete this question by entering your answers in the tabs below. Project 1 Income Cash Flow S 100,000 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 Not cash flow Income Project 2 80,000 Cash Flow S 65.000 32,000 20,000 18.000 8,000 20,000 7,000 $ 10,000 S 0 Required B> 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. Project 1 $ 100,000 65,000 Project 2 $ 80,000 32,000 20,000 8,000 $ 7,000 18,000 20,000 $ 10,000 Required A Required B Compute payback period for each investment. Project 1 Project 2 Numerator: Payback Period Denominator: = Payback period 0 0