Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Project A requires a $440,000 initial investment for new machinery with a five-year life and a salvage value of $41,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $29,400 per year for the next five years. QS 25-5 Payback period LO P1 Compute Project A's payback period. Payback Period 1 Choose Denominator: Choose Numerator: = Payback Period Payback period 0 Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Project Arequires a $440,000 initial investment for new machinery with a five-year life and a salvage value of $41,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $29,400 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: Accounting Rate of Return Accounting rate of return 0