Project A requires a $400,000 initial investment for new machinery with a five-year life and a salvagee value of $39,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $22,700 per year for the next five years. Compute Project A's payback period. Payback Period Choose Numerator: Choose Denominator: Payback Period Payback period Compute Project A's accounting rate of return. Accounting Rate of Return Choose Numerator: Choose Denominator: Accounting Rate of Return Accounting rate of return