Accounting Rate of Return: An investment requres $60,000 and has a 5 -year life with no salvage value. The yearly cash flows are $30,000,$30,000,$40,000,$40,000, and $50,000. 1, Calculate the annual net income for each of the 5 years. (Make sure to deduct depreciation for each year. 2. Determine the Average Net Income 3. Calculate the accounting rate of return. Show your work