Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Equipment Selling, general, and administrative expenses Income (a) Compute the annual net cash flow. (b) Compute the payback period. (c) Compute the accounting rate of return for this equipment. $ 120,000 64,000 16,000 12,000 $ 28,000 Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the annual net cash flow. Cork Fla Compute the annual net cash flow. Annual Results from Investment Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Equipment Selling, general, and administrative expenses Income Net cash flow Income Cash Flow $ 120,000 $ 28,000 > 64,000 16,000 16,000 12,000 28,000 $ 12,000