Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $148,000. Project 2 requires an initial investment of $133,000. 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 Project 1 $ 120,000 Complete this question by entering your answers in the tabs below. Compute each project's annual net cash flow. 70,000 25,000 13,000 $ 12,000 Project 2 $ 100,000 37,000 23,000 25,000 $ 15,000

Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $148.000. Project 2 requires an initial investment of $133,000. (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