QS 24-2 (Algo) Payback period and equal cash flows LO P1 Project A requires a $365,000 initial investment for new machinery. Project A is expected to yield income of $27,300 per year and net cash flow of $93,700 per year for the next five years. Compute Project A's payback period. Answer is complete but not entirely correct. Numerator: Initial investment Payback Period Denominator: Payback Period Annual net cash flow Payback period 365,000 27,300 13.37 years