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 $34,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $24,900 per year for the next five years. Compute Project A's payback period. Payback Period Choose Numerator: Choose Denominator: - Payback Period Payback period Compute Project A's accounting rate of return. Accounting Rate of Return Choose Numerator: Choose Denominator: = Accounting Rate of Return Accounting rate of return