Sheridan Company is considering a long term investment project called ZIP ZIP will require an investment of $138,000. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by 581.400, and annual expenses (excluding depreciation) would increase by $40,000. Sheridan uses the straight-line method to compute depreciation expense. The company's required rate of return is 7% Compute the annual rate of return Annual rate of return Determine whether the project is acceptable? the project