Project A requires a $415,000 initial investment for new machinery with a five-year life and a salvage value of $35,000. Project A is expected to yield annual income of $20,100 per year and net cash flow of $103,750 per year for the next five years. Compute Project As accounting rate of return.

Project A requires a $415,000 Initial Investment for new machinery with a five-year life and a salvage value of $35,000. Project A is expected to yield annual income of $20,100 per year and net cash flow of $103,750 per year for the next five years. Compute Project A's accounting rate of return. Accounting Rate of Return Denominator: Numerator: Accounting Rate of Return Accounting rate of return