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. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income (a) Compute each project's annual net cash flow. (b) Compute payback period for each investment. Complete this question by entering your answers in the tabs below. Required A Required B Compute each project's annual net cash flow. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, and administrative expenses Income Net cash flow $ $ Income Project 1 100,000 < Required A 65,000 20,000 8,000 7,000 Project 1 $ 100,000 $ 65,000 20,000 8,000 $ 7,000 Cash Flow Required B > $ $ Project 2 $ 80,000 32,000 18,000. 20,000 $ 10,000 Project 2 Income 80,000 32,000 18,000 20,000 10,000 Cash Flow $ 0