What is the annual average investment value?

! Required information (The following information applies to the questions displayed below.] Project A requires a $330,000 initial investment for new machinery with a five-year life and a salvage value of $32,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $29,200 per year for the next five years. Compute Project A's accounting rate of return. Choose Numerator: Accounting Rate of Return Choose Denominator: | Annual average investment 29,2001 $ 32,500) = Annual after-tax net income = Accounting Rate of Return Accounting rate of return 89.85 % $