habled: Test 4, Chapters 21, 25, 26 (i)\ Project A requires a

$385,000

initial investment for new machinery with a five-year life and a salvage value of

$41,500

. expected to yield annual income of

$22,900

per year and net cash flow of

$96,250

per year for the next five years.\ Compute Project A's accounting rate of return.\ \\\\table[[Numerator:,1,Dccounting Rate of Return,],[,Denominator:,

=

,Accounting Rate of Return],[,,

=

,Accounting rate of return]]

Project A requires a $385,000 initial investment for new machinery with a five-year life and a salvage value of $41,500. expected to yield annual income of $22,900 per year and net cash flow of $96,250 per year for the next five years. Compute Project A's accounting rate of return