Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $236,000. Project 2 requires an initial investment of $150,000. 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 $ 164,000 Project 2 $ 144,000 81,000 36,000 48,000 34,000 24,000 36,000 $ 23,000 $ 26,000 Complete this question by entering your answers in the tabs below. Required A Required B Compute each project's annual net cash flow. Annual Amounts Sales of new product Expenses Project 1 Project 2 Income Cash Flow Income Cash Flow $ 164,000 $ 144,000 Materials, labor, and overhead (except depreciation) 81,000 48,000 Depreciation-Machinery 36,000 34,000 Selling, general, and administrative expenses 24,000 36,000 Income $ 23,000 $ 26,000 Net cash flow