Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Project A requires a $410,000 initial investment for new machinery with a five-year life and a salvage value of $39,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $23,400 per year for the next five years. QS 25-5 Payback period LO P1 Compute Project A's payback period. & Answer is complete but not entirely correct. Choose Numerator: Payback Period Choose Denominator: Annual net cash flow $ 74,100 X = Cost of investment Payback Period Payback period 5.53 years 410,000 Compute Project A's accounting rate of return. Accounting Rate of Return Choose Denominator: Choose Numerator: / = Accounting Rate of Return Accounting rate of return 0