Required information Use the following information for the Quick Study below. The following information applies to the questions displayed below Project Arequires a $340,000 initial investment for new machinery with a five-year life and a salvage value of $45.500. The company uses straight-line depreciation Project A is expected to yield annual net income of $29,000 per year for the next five years. QS 11-5 Payback period LO P1 Compute Project A's payback period. Choose Numerator: Cost of investment 340.000 Payback Period Choose Denominator Annual net cash flow - Payback Period Payback period Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below) Project A requires a $340,000 initial investment for new machinery with a five-year life and a salvage value of $45,500. The company uses straight-line depreciation Project A is expected to yield annual net income of $29.000 per year for the next five years QS 11-6 Accounting rate of return LO P2 Compute Project A's accounting rate of return 1 Choose Numerator: Annual after-tax net income Accounting Rate of Return Choose Denominator: Annual average investment - Accounting Rate of Return Accounting rate of return