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Required information Use the following information for the Quick Study below. (The following information applies...

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Accounting

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Required information Use the following information for the Quick Study below. (The following information applies to the questions displayed below.] Project A requires a $310,000 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 $21,900 per year for the next five years. QS 25-5 Payback period LO P1 Compute Project A's payback period. Payback Period Choose Denominator: Choose Numerator: Payback Period Payback period 0 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 Accounting Rate of Return Accounting rate of return

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