[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 $3,300 for three years. The investment costs $51,900 and has an estimated $6,900 salvage value. QS 24-7 Computation of accounting rate of return LO P2 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 Accounting rate of return 1 =