Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Project A requires a $445,000 initial investment for new machinery with a five-year life and a salvage value of $35,000 The company uses straight-line depreciation Project A is expected to yield annual net income of $23,300 per year for the next five years Compute Project A's payback period. Choose Numerator: Payback Period Choose Denominator: Payback Period = Payback period 0 11 Compute Project A's accounting rate of return. Choose Numerator: Accounting Rate of Return Choose Denominator: Accounting Rate of Return Accounting rate of return II 0