Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $202,500. Project 2 requires an initial investment of $138,000. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, and administrative expenses Income (a) Compute each project's annual net cash flow. (b) Compute payback period for each investment. Required A Required B Complete this question by entering your answers in the tabs below. Compute each project's annual net cash flow. Annual Amounts Sales of new product $ Income Project 1 Project 1 $ 136,000 136,000 74,000 29,000 17,000 $ 16,000 Cash Flow $ Project 2 $ 116,000 41,000 27,000 29,000 $ 19,000 Project 2 Income 116,000 Cash Flow

Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $202,500. Project 2 requires an initial investment of $138,000. (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. Compute each project's annual net cash flow. (a) Compute each project's annual net cash flow. (b) Compute payback perlod for each investment. Complete this question by entering your answers in the tabs below. Compute payback period for each investment. (a) Compute each project's annual net cash flow. (b) Compute payback perlod for each investment. Complete this question by entering your answers in the tabs below. Compute each project's annual net cash flow