Ch 11 Ex 11-5 5 points 1 Exercise 11-5 (Algo) Accounting rate of return LO P2 Information for two alternative projects involving machinery investments follows: Project 1 Project 2 Initial investment $ (123,000) $ (93,000) Skipped Salvage value 0 Annual income 14,145 13,000 12,720 eBook Hint Ask Print a. Compute accounting rate of return for each project. b. Based on accounting rate of return, which project is preferred? Complete this question by entering your answers in the tabs below. Required A Required B Compute accounting rate of return for each project. References Project 1 Project 2 Numerator: Accounting Rate of Return Denominator: Saved = < Required A Required B > Accounting rate of return 0 0