Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $172,000. Project 2 requires an initial investment of $110,000. Annual Amounts Project 1 Project 2 $ Sales of new product 132,000 $ 112,000 Expenses Materials, labor, and overhead (except 73,000 40,000 28,000 26,000 16,000 28,000 $ 15,000 $ 18,000 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 Required A 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 $ 132,000 $112,000 73,000 28,000 16,000 $ 15,000 40,000 26,000 28,000 $ 18,000 < Required A Required B >