[The following information applies to the questions displayed below.] Project A requires a $415,000 initial investment for new machinery with a five-year life and a salvage value of $37,500 The company uses straight-line depreciation. Project A is expected to yield annual net income of $25,400 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 Annual after-tax net income Accounting rate of return