Required: Denominator can only be one of the following: 1) annual net cash flow, 2) annual accounts receivable, or 3) net sales

Project A requires a $285,000 initial investment for new machinery with a five-year life and a salvage value of $48,000 The company uses straight-line depreciation. Project A is expected to yield annual net income of $25,000 per year for the next five years. Compute Project A's payback period. Payback Period Choose Numerator Choose Denominator:Payback Period Payback period