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Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $122, 160. It will have a useful life of

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Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $122, 160. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $79, 600, and annual expenses (excluding depreciation) would increase by $41,000. Wayne uses the straight-line method to compute depreciation expense. The company's required rate of return is 10%. Compute the annual rate of return. (Round answer to o decimal places, e.g. 15%.) Determine whether the project is acceptable

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