Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Project A requires a $355,000 initial investment for new machinery with a five-year life and a salvage value of $39,000 The company uses straight-line depreciation Project A is expected to yield annual net income of $20,800 per year for the next five years. QS 25-5 Payback period LO P1 Compute Project As payback period. Choose Numerator: Payback Period Choose Denominator: - Payback Period = Payback period