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-Machinery Selling, general, and administrative expenses 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. Project 1 $ 100,000 Project 2 $ 80,000 65,000 32,000 20,000 8,000 20,000 $ 7,000 $ 10,000 18,000 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 Project 1 Project 2 Income Cash Flow Income Cash Flow $ 100,000 S 80.000 65,000 20,000 8.000 $ 7,000 $ Required B 32,000 18,000 20,000 $ 10.000