QS 24-2 (Algo) Payback period and equal cash flows LO P1 Project A requires a $440,000 initial investment for new machinery. Project A is expected to yield income of $26,200 per year and net cash flow of $104,500 per year for the next five years. Compute Project As payback period.

QS 24-2 (Algo) Payback period and equal cash flows LO P1 Project A requires a $440,000 initial investment for new machinery. Project A is expected to yield income of $26,200 per year and net cash flow of $104,500 per year for the next five years. Compute Project A's payback period