Exercise $24-1($Algo$)$ Payback period, equal cash flows, and depreciation adjustment LO P$1$

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.$

$($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 $A$

Compute each project's annual net cash flow.