Information for two alternative projects involving machinery investments follows Project 1 requires an initial investment of $155,000. Project 2 requires an initial investment of $112,000 Annual Amounts Sales of new product Project 1 $108,000 Project 2 $ 88,000 Expenses 419 Materials, labor, and overhead (except depreciation) Depreciation-Machinery. 67,000 34,000 22,000 20,000 Selling, general, and administrative expenses 10,000 22,000 Income $9,000 $12,000 (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. Project 1 Project 2 Annual Amounts Income Cash Flow Income Cash Flow Sales of new product $ 108,000 88,000 Expenses Materials, labor, and overhead (except depreciation) 67,000 Depreciation Machinery 22,000 Selling, general, and administrative expenses i 10,000 Income S 9,000 34.000 20,000 22,000 $ 12.000 Net cash flow Cfquired A Required B >