! Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Project A requires a $325,000 initial investment for new machinery with a five-year life and a salvage value of $43,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $24,900 per year for the next five years. QS 25-5 Payback period LO P1 Compute Project A's payback period. X Answer is complete but not entirely correct. Payback Period Choose Numerator: Choose Denominator: Payback Period Payback period Cost of investment Annual net cash flow $ 325,000 1 $ 81,000 X = 4.01 years ! Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Project A requires a $325,000 initial investment for new machinery with a five-year life and a salvage value of $43,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $24,900 per year for the next five years. QS 25-6 Accounting rate of return LO P2 Compute Project A's accounting rate of return. Accounting Rate of Return Choose Denominator: Choose Numerator: 1 1 II = Accounting Rate of Return Accounting rate of return 0