The following information applies to the questions displayed below. Project A requires a $425,000 initial investment for new machinery with a five-year life and a salvage value of $38,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $24,200 per year for the next five years. Compute Project A's payback period. Payback Period Choose Numerator Choose Denominator: Payback Perio Payback period