Required information The following information applies to the questions displayed below. Project A requires a $365,000 initial investment for new machinery with a five-year life and a salvage value of $42, 500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $29,700 per year for the next five years. Compute Project A's payback period. Payback Period = Payback Period Payback period Choose Numerator: Choose Denominator