1 15 points 02:42:04 eBook References Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $258,500 Project 2 requires an initial investment of $192,000 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 Project 1 $140,000 Project 2 $120,000 75,000 42,000 30,000 28,000 18,000 30,000 $17,000 $ 20,000 Complete this question by entering your answers in the tabs below. Required A Required B Compute each project's annual net cash flow, Project 1 Project 2 Annual Amounts Sales of new product Expenses Income Cash Flow Income Cash Flow $ 140.000 S 120,000 Materials, labor, and overhead (except depreciation) 75.000 Depreciation-Machinery. 30.000 Selling general and administrative expenses 18,000 Income $ 17.000 Net cash flow $ 42.000 28,000 30.000 S 20.000 S Required B> 6 1 onts 024135 eBook References Information for two alternative projects involving machinery investments follows Project Trequires an initial investment of $258.500 Project 2 requires an initial investment of $192,000. 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. Project $140,000 Project 2 $ 120,000 75,000 42,000 30,000 18,000 28,000 30,000 $ 17,000 $ 20,000 Complete this question by entering your answers in the tabs below. Required A Required B Compute payback period for each investment. Numerator: Project 1 Project 2 Payback Period Denominator: Payback period 0