Park Co is considering an investment that requires immediate payment of $34000 and provides expected cash inflows of $10,000 annually for four years. What is the investment's payback period? Cher Choone Deneminnar - Payback Period - Payback period . 0 Required Information The following information applies to the questions displayed below) Most Company has an opportunity to invest in one of two new projects. Project Y requires a $340,000 investment for new machinery with a five-year Me and no salvage value. Project Z requires a $340,000 investment for new machinery with a four-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year, CV of $1. FV of $1. PVA of Stand FVA 51 (Use appropriate factors) from the tables provided.) Expenses Direct materiala Direct labor Overhead Including depreciation Selling and administrative expenses Total expenses Pretax in Income taxes (30) Net Inc Project Project $390,000 $312.000 54,600 39,000 78,000 46,800 140,400 140.400 20,000 28.000 301.000 254.200 R1,005 $7,800 26,700 17,040 # 62,360 $ 40, 460 Required: 1. Compute each project's annual expected net cash flows come Depreciation expense PY Project 2 5 62.300 $ 40.400 52.500 89.000 Exped net cash flows