Project A requires a $420,000 initial investment for new machinery with a five-year life and a salvage value of $35,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $23,700 per year for the next five years. Compute Project A's payback period

Compute Project A's payback period. Payback Period Choose Numerator: Choose Denominator: Payback Period Payback period Cost of investment Annual net cash flow 0