QS 24-4 (Algo) Payback period and unequal cash flows LO P1 Compute the payback period for an investment with the following net cash flows (Round your answer to one decimal place.) Year Initial investment 1. 2. 3. 4 5. Net Cash Flows per Year $. (188,000) 10,800 20,800 20,800 31,120 40,300 40,500 Cumulative Net Cash Flows $ (108,000) (97,200 (76,400 (55.000 (24,480 26,320 57,20 Payback period years QS 24-6 (Algo) Accounting rate of return LO P2 Project Arequires a $430,000 initial investment for new machinery with a five-year life and a salvage value of $41,500 Project Ais expected to yield annual income of $29,300 per year and net cash flow of $107500 per year for the next five years. Compute Project A's accounting rate of return Accounting Rate of Return Denominator: Numerator: Accounting Rate of Return Accounting rate of retum 0