Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.J Project A requires a $420,000 initial investment for new machinery with a five-year life and a salvage value of $45,000 The company uses straight-line depreciation. Project A is expected to yield annual net income of $24,700 per year for the next five years. QS 24-5 Payback period LO P1 Compute Project A's payback period. Payback Period Choose Denominator: Choose Numerator: Payback Period Payback period