Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below) Project Arequires a $450,000 initial investment for new machinery with a five year life and a salvage value of $46,000 The company uses straight-line depreciation Project A is expected to yield annual net income of $27700 per year for the next five years. QS 24-5 Payback period LO P1 Compute Project As payback period Choose Numeratar Cost of investment Payback Period Choose Denominator: Annual net cash flow Payback Period Payback period Required information Use the following information for the Quick Study below. The following information applies to the questions displayed below. Peng Company is considering an investment expected to generate an average net income after taxes of $2,100 for three years. The investment costs $46,200 and has an estimated $8,400 salvage value. OS 24-8 Net present value LO P3 Assume Peng requires a 5% return on its investments, Compute the net present value of this Investment. Assume the company uses straight-line depreciation (PV of $1. FV of $1. PVA of S1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign.) Select Chart Cash Flow Annual cash flow Residual value Amount * PV Factor - Present Value $ 0 0 Net present value