pls show work for each box.

Information for two alternative projects involving machinery investments follows: Project 1 $ (139,000) Initial investment Salvage value Project 2 $ (109,000) 19,000 17,280 0 18,070 Annual income 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 Annual income 1 Average investment Project 1 $ 18,070 1 Project 2 $ 17,280 1 Required A Denominator: = Required B > Accounting rate of return 0 0 Information for two alternative projects involving machinery investments follows: Project 1 $ (139,000) Initial investment Salvage value Project 2 $ (109,000) 19,000 17,280 0 Annual income 18,070 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.