Information for two alternative projects involving machinery investments follows. Project 1 requires an initial Investment of $140,000. Project 2 requires an initial investment of $90,000. Annual Amounta Project 1 Project 2 Sales of new product $ 100,000 $ 80,000 Expenses Materials, labor, and overhead (except depreciation) 64,000 35,000 Depreciation-Machinery 20,000 18,000 Selling, general, and administrative expenses 8,000 20,000 Income $ 8,000 $ 7,000 (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. Expected Net Cash Flow Project 1 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 > Complete this question by entering your answers in the tabs below. Required A Required B Compute payback period for each investment. Payback Poriod Denominator: Numerator: Payback period Project 1 Project 2