Do It! Review 12-5 Your answer is partially correct. Try again. Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $118,000. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $79,040, 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 61 % Determine whether the project is acceptable? Accept the project