Required Information [The following information applies to the questions displayed below.] Project A requires a $280,000 initial investment for new machinery with a five-year life and a salvage value of $30,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $20,000 per year for the next five years. Compute Project A's accounting rate of return. Accounting Rate of Return: Choose Numerator: Choose Denominator: Accounting Rate of Return Annual after-tax net income Annual average investment Accounting rate of retur $ 20,700 $ 243,500- 8.50 %