Required information Use the following information for the Quick Study below. The following information applies to the questions displayed below.J Project A requires a $420,000 initial investment for new machinery with a five-year life and a salvage value of $45,000 The company uses straight-line depreciation. Project A is expected to yield annual net income of $24,700 per year for the next five years. QS 24-6 Accounting rate of return LO P2 Compute Project A's accounting rate of return. Accounting Rate of Return Choose Numerator: Choose Denominator: Accounting Rate of Return Accounting rate of return