Project A requires a $335,000 initial investment for new machinery with a five-year life and a salvage value of $31,000 Project Als expected to yield annual income of $29,200 per year and net cash flow of $83,750 per year for the next five years. Compute Project A's accounting rate of return Numerator: Annual income Accounting Rate of Return Denominator Average Investment Accounting Rate of Return Accounting rate of return 29,200