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Stanton Inc. is considering Project A and Project B, which are two mutually exclusive projects. Both projects would involve purchasing machinery. Project A is a four-year project that has an initial outlay of $400 000. Its future receipts for years 1 through 4 are as follows. Year (t) 1 2 3 4 Receipt 120000 140000 160000 140000 Project B is a four-year project that has an initial outlay of $900 000. Its future receipts for years 1 through 4 are as follows. Year (t) 1 2 3 4 Receipt 280000 300000 320000 300000 Stanton Inc. has a discount rate of 12%. Required: (a) Calculate the Accounting Rate of Return for each project. Hence, identify which project you would select for acceptance, giving reasons for your choice of criterion that led to your decision. (8 marks) (b) Calculate the Internal Rate of Return for each project. Hence, identify which project you would select for acceptance, giving reasons for your choice of criterion that led to your decision. (10 marks)