Project A requires a $$425,000$ initial investment for new machinery with a five$-$year life and a salvage value of $$38,500.$ Project $A$ is expected to yield annual income of $$29,400$ per year and net cash flow of $$106,250$ per year for the next five years.

Compute Project A$\text{'}$s accounting rate of return.

$\backslash$table$[[$Accounting Rate of Return,$],[$Numerator:$,1,$Denominator:,$=,$Accounting Rate of Return$],[$Accounts receivable,$1,,=,$Accounting rate of return$],[,,,,0]]$