please answer all parts

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 Project 1 Project 2 Sales of new product $ 100,000 $ 80,000 Expenses Materials, labor, and overhead (except depreciation) 65,000 32,000 Depreciation-Machinery 20,000 18,000 Selling, general, and administrative expenses 8,000 20,000 Income $ 7,000 $ 10,000 (a) Compute each project's annual net cash flow. (b) Compute payback period for each Investment Complete this questiok 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 100,000 Project 2 Income Cash Flow $ 80,000 $ Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 65,000 20,000 8,000 7.000 32,000 18,000 20.000 10,000 $ $ $ 0 $ 0 Net cash flow (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 payback period for each investment Payback Period Denominator Numerator: Project 1 Project 2 Payback period 0 0 (Required A