Required information [The following information applies to the questions displayed below.] Project A requires a $290,000 initial investment for new machinery with a five-year life and a salvage value of $31,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $27,600 per year for the next five years. Compute Project A's accounting rate of return. Accounting Rate of Return Accounting Rate of Return Choose Numerator: Choose Denominator: IAnnual average investment Annual after-tax net income Accounting rate of return 27,600 /