The following relates to a proposed equipment purchase Initial investment $ 144,000 Salvage value $ 4,000 Estimated useful life 4 years Annual net cash flows $ 46,100 Annual depreciation expense $ 35,000 Assuming that net cash flows are received evenly throughout the year, the accounting rate of return is. A company is considering the following three alternative investment projects with different net cash flows. If the company can only accept one project, it should choose Project A on the basis of net present value. True or False True False The following relates to a proposed equipment purchase Initial investment $ 144,000 Salvage value $ 4,000 Estimated useful life 4 years Annual net cash flows $ 46,100 Annual depreciation expense $ 35,000 Assuming that net cash flows are received evenly throughout the year, the accounting rate of return is. A company is considering the following three alternative investment projects with different net cash flows. If the company can only accept one project, it should choose Project A on the basis of net present value. True or False True False