Wayne Company is considering a long-term investment project called ZIP ZIP will require an investment of $120,000. It will have a useful life of 4 years and no salvage value Annual revenues would increase by $79,900, and annual expenses (excluding depreciation) would increase by $40,300. Wayne uses the straight-line method to compute depreciation expense. The company's required rate of return is 13% Compute the annual rate of return Annual rate of return 1472 24 Determine whether the project is acceptable? Accept the project