Required information [The following information applies to the questions displayed below.) Project A requires a $345.000 initial investment for new machinery with a five-year life and a salvage value of $37,000. The company uses straight-line depreciation Project A is expected to yield annual net income of $27,300 per year for the next five years Compute Project A's payback period. Payback Period Choose Denominator: Choose Numerator: Payback Period Payback period 0