[The following information applies to the questions displayed below.) Project A requires a $385,000 initial investment for new machinery with a five-year life and a salvage value of $49.500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $27,200 per year for the next five years. Compute Project A's payback period. Choose Numerator: Payback Period Choose Denominator: Payback Period Payback period