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 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. Project 1 $ 100,000 Project 2 $ 85,000 67,000 34,000 22,000 10,000 22,000 $ 9,000 $ 12,000 Complete this question by entering your answers in the tabs below. 20,000 Required A Required B Compute each project's annual net cash flow. Annual Amounts Sales of new product Project 1 Income Cash Flow $ 108.000 $ Project 2 Cash Flow Income 31.000 $ 88,000