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Q10 (10%) (Do It 24-4) Wayne Company is considering a long-term investment project called ZIP....

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Accounting

Q10 (10%) (Do It 24-4) Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $120,000. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $80,000, and annual expenses (excluding depreciation) would increase by $41,000. Wayne uses the straight-line method to compute depreciation expense. The companys required rate of return is 12%. (Round answer to 0 decimal places, e.g. 15%.)

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