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Project A requires a $ 3 7 5 , 0 0 0 initial Investment for new machinery. Project A Is expected to yleld income of

Project A requires a $375,000 initial Investment for new machinery. Project A Is expected to yleld income of $27,400 per year and net cash flow of $94,600 per year for the next five years. Compute Project A's payback perlod.
\table[[Payback Period,],[Numerator:,I,Denominator:,=,Payback Period,],[,1,,,Payback period,],[,,,=,0,]]
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