Project A requires a $415,000 initial investment for new machinery. Project A is expected to yield...

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Project A requires a $415,000 initial investment for new machinery. Project A is expected to yield income of $29,000 per year and net cash flow of $105,300 per year for the next five years. Compute Project A's payback period. Payback Period Numerator: I Denominator: Payback Period Annual net cash flow Cost of investment = Payback period = 0 Project A requires a $415,000 initial investment for new machinery. Project A is expected to yield income of $29,000 per year and net cash flow of $105,300 per year for the next five years. Compute Project A's payback period. Payback Period Numerator: I Denominator: Payback Period Annual net cash flow Cost of investment = Payback period = 0