Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $135,000. Project 2 requires an initial investment of $98,000. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, md administrative expenses Income (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. Required A Required B Compute each project's annual net cash flow. Annual Amounts Sales of new product $ Income Project 1 100,000 Project 1 $ 100,000 65,000 20,000 8,000 $ 7,000 Cash Flow $ Project 2 $ 80,000 32,000 18,000 20,000 $ 10,000 Income Project 2 80,000 Cash Flow

Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $135,000 Project 2 requires an initial investment of $98,000. (o) 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. Complete this question by entering your answers in the tabs below. Compute each project's annual net cash flow. Compute payback period for each investment