Required information [The following information applies to the questions displayed below.] Project A requires a $380,000 initial investment for new machinery with a five-year life and a salvage value of $31,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $29,300 per year for the next five years. Compute Project A's payback period. Payback Period Choose Numerator: Cost of investment Choose Denominator: Average accounts receivable, Payback Period = Payback period net $ 380,000/ 0