Required information (The following information applies to the questions displayed below.) Project Arequires a $280,000 initial investment for new machinery with a five-year life and a salvage value of $30,000. The company uses straight-line depreciation Project A is expected to yield annual net income of $20,000 per year for the next five years. Compute Project A's payback period. Payback Period Choose Denominator: Choose Numerator: 1 Payback Period Payback period 0