Required information Skip to question [The following information applies to the questions displayed below.] Project A requires a $360,000 initial investment for new machinery with a five-year life and a salvage value of $37,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $29,000 per year for the next five years.

Required information [The following information applies to the questions displayed below.] Project A requires a $360,000 initial investment for new machinery with a five-year life and a salvage value of $37,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $29,000 per year for the next five years. Compute Project A's accounting rate of return