Notice this one problem has multiple steps. please complete all and i will give a thumbs up.

Exercise 26-1 (Algo) Payback period, equal cash flows, and depreciation adjustment LO P1 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 Project Project 2 Sales of new product $ 140,000 $ 120,000 Expenses Materials, labor, and overhead (except depreciation) 75,000 Depreciation-achinery 30,000 28.000 Selling. general, and administrative expenses Income $ 17,000 $ 20.000 42,000 18,000 30.000 (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. Daniel Dan Prev 1 of 6 !!! Next > Ce my work 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 Project 1 Income Cash Flow 140,000 Project 2 Income Cash Flow s 120,000 $ Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Salling general, and administrative expenses Income Net cash flow 75.000 30.000 18,000 17.000 42.000 28.000 30,000 20,000 $ $ S 0 S 0 Red A Required B > work Saver Help Save & Exit Submit Check my work Complete this question by entering your answers in the tabs below. Required Required B Compute payback period for each investment. Payback Period Denominator: Numerator: 1 Payback period 0 Project 1 Project 2 #