Required information [The following information applies to the questions displayed below) Project A requires a $310,000 initial investment for new machinery with a five year life and a salvage value of $40,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $25,300 per year for the next five years. Compute Project A's payback period. Payback Period Choose Denominator Choose Numerator: Payback Period Payback period 0