Project Arequires a $440,000 initial investment for new machinery with a five-year life and a salvage value of $47,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $20,700 per year for the next five years. Compute Project A's accounting rate of return. Accounting Rate of Return Choose Numerator: Choose Denominator: Annual after tax net income Annual average investment Accounting Rate of Return Accounting rate of return 0