Project A requires a $400,000 initial investment for new machinery with a five-year life and a salvage value of $39,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $23,100 per year for the next five years.

Required information [The following information applies to the questions displayed below.] Project A requires a $400,000 initial investment for new machinery with a five-year life and a salvage value of $39,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $23,100 per year for the next five years. Compute Project A's payback period Payback Period Choose Numerator: Choose Denominator:Payback Period Payback period