What is the Step by step calculations for the pay back period.Moxip Corporation is considering investing in one of two machines $-$ Machine A or

Machine

B$.$ The initial cost and net cash inflows from each project are shown below. The

opportunity

cost for both projects is $12\%$ per cent.

Cash Flow Project A Project b B

$$

Initial Cost $65000005000000$

Net Cash Inflows

Year $117000002400000$

Year $214000001600000$

Year $313000001600000$

Year $412000001600000$

Year $516000001200000$