Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $283,500. Project 2 requires an initial investment of $192,000. Project 1 $ 172,000 Project 2 $ 152,000 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, and administrative expenses Income 83,000 38,000 26,000 $ 25,000 50,000 36,000 38,000 $ 28,000 (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 Project 1 Cash Flow Income Project 2 Income Cash Flow 152,000 $ 172,000 S Sales of new product Expenses Materials, labor, and overhead (except depreciation) DepreciationMachinery Selling, general, and administrative expenses Income 83,000 38,000 50,000 36,000 26,000 38,000 28,000 $ 25,000 S Net cash flow $ 0 $ Required A Required B Compute payback period for each investment. Payback Period Numerator: Denominator: 1 Payback period 0 Project 1 Project 2 = = 0