SURE Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $135,000 Project 2 requires an initial investment of $98,000. Project 1 $100,000 Project $ 60,000 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, and administrative expenses Income 65,000 20,000 8.000 $ 7,000 32,000 18.000 20,000 $ 10.000 (a) Compute each project's annual net cash flows. (b) Compute payback period for each investment, Complete this question by entering your answers in the tabs below