! Required information [The following information applies to the questions displayed below.] Project A requires a $305,000 initial investment for new machinery with a five-year life and a salvage value of $42,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $24,600 per year for the next five years. Compute Project A's accounting rate of return. Choose Numerator: Accounting Rate of Return Choose Denominator: = Accounting Rate of Return Accounting rate of return 0

Required information [The following information applies to the questions displayed below] Project A requires a $305,000 initial investment for new machinery with a flve-year life and a salvage value of $42,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $24,600 per year for the next five years Compute Project A's accounting rate of return