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Information for two alternative projects involving machinery investments follows: Project 2 Project 1 $ (127,000) Initial investment Salvage value Annual income 0 $ (97,000) 17,000 13,110 14, 605 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. Accounting Rate of Return Numerator: 1 1 Project 1 Project 2 Accounting rate of return 0 0 Information for two alternative projects involving machinery investments follows: Project 1 $ (127,000) Initial investment Salvage value Project 2 $ (97,000) 17,000 13,110 0 Annual income 14, 605 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 Based on accounting rate of return, which project is preferred? Based on accounting rate of return, is preferred.