Question 4 of 7 - 71 III View Policies Current Attempt in Progress Wayne Company is considering a long-term investment project called ZIP.ZIP will require an investment of $117,280. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $80,200, and annual expenses (excluding depreciation) would increase by $39,200. Wayne uses the straight-line method to compute depreciation expense. The company's required rate of return is 17%. Compute the annual rate of return. (Round answer to 0 decimal places, eg. 15%.) Annual rate of return % Determine whether the project is acceptable? the project. e Textbook and Media Save for Later Attempts: 0 of 3 used Submit