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 Project 1 $ 180,880 Project 2 $ 80,00 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 64,00 2e,680 8.689 $ 8,880 35,880 18,880 20,820 $ 7,880 * (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. ces 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 A Required B 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. Project 1 $ 189,880 Project 2 $ 88,888 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 64,00 2e,680 8.689 $ 8,880 35,880 18,880 20,820 $ 7,880 * (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. ces Required A Required B Compute payback period for each investment. Payback Period Denominator: Numerator 1 1 Payback period 0 Project 1 Project 2 0