Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $274,500. Project 2 requires an initial investment of $186,000. Annual Amounts Sales of new product Expenses. Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project 1 $ 168,000 Project 2 $ 148,000 82,000 37,000 49,000 35,000 25,000 37,000 $ 24,000 $27,000 (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 A Required B Compute each project's annual net cash flow. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Project 1 Project 2 Income Cash Flow Income Cash Flow $ 168,000 $ 148,000 82,000 www.kw 49,000