! Required information [The following information applies to the questions displayed below.] Project A requires a $320,000 initial investment for new machinery with a five-year life and a salvage value of $45,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $24,300 per year for the next five years. Compute Project A's accounting rate of return. Accounting Rate of Return Choose Denominator: Choose Numerator: Accounting Rate of Return Accounting rate of return 7