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Question 1 Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $121,920. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $79,700, and annual expenses (excluding depreciation) would increase by $39,800. Wayne uses the straight- line method to compute depreciation expense. The company's required rate of return is 12%. Compute the annual rate of return. (Round answer to 0 decimal places, e.g. 15%.) Annual rate of return Determine whether the project is acceptable? the project Question Attempts: 0 of 1 used