S 24-5 (Algo) Interpreting accounting rate of return; no calculations LO P2 A company is considering three alternative investment projects. Accounting rate of return computations are calculated using Excel and are shown below. If the company can choose only one project, which will it choose on the basis of accounting rate of return? Potential Projects Project A Project B Project C Average investment $ 15,000 $ 95,000 $ 61,000 Annual income $ 4,200 $ 19,950 $ 17,690 Accounting rate of return 28% 21% 29%