Required information The following information applies to the questions displayed below.) Project A requires a $340,000 initial Investment for new machinery with a five-year life and a salvage value of $43,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $24,400 per year for the next five years. Compute Project A's payback period. Payback Period Choose Numerator: Choose Denominator: Payback Period Payback period