Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $118,800. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $79,304, and annual expenses (excluding depreciation) would increase by $40,100. 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 % Determine whether the project is acceptable? the project