Required information [The following information applies to the questions displayed below.] Peng Company is considering an investment expected to generate an average net income after taxes of $3,000 for three years. The investment costs $57,600 and has an estimated $7,200 salvage value. Compute the accounting rate of return for this investment; assume the company uses straight-line depreciation. Accounting Rate of Return Choose Numerator: , Choose Denominator: = Accounting Rate of Return Annual after-tax net income | Annual average investment = Accounting rate of return $ 3,000|| $ 16,200 = 18.52 %