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 $3,100 for three years. The investment costs $58,800 and has an estimated $11,400 salvage value. Compute the accounting rate of return for this investment; assume the company uses straight-line depreciation. Choose Numerator: Annual after-tax net income $ Accounting Rate of Return 1 Choose Denominator: / Annual average investment 3,100/ Accounting Rate of Return Accounting rate of return