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 (a) Compute each project's annual net cash flow. (b) Compute payback period for each investment Project 1 $ 172,000 Project 2 $ 152,000 50,000 83,000 38,000 26,000 36,000 38,000 $ 25,000 $ 28,000 Complete this question by entering your answers in the tabs below. Required A Required B Compute each project's annual net cash flow. Annual Amou Project 1 Project 2 Income Cash Flow Income Cash Flow 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 38,000 26,000 $ 25,000 50,000 36,000 38,000 $ 28,000 Required A Required B >