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 $ 152,800 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 , $ 25,000 50,000 36,000 38,000 $ 28,000 (a) Compute each project's annual net cash flows. (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 flows. (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 flows. Expected Net Cash Flow - Project 1 Net cash flow Expected Net Cash Flow - Project 2 Net cash flow Required B > (b) Compute payback period for each investment Complete this question by entering your answers in the tabs below. Required A Required B Compute payback period for each investment. Payback Period Denominator: Numerator: Payback period Project 1 Project 2