1. CCX 19.03 ALGO Accounting Rate nf Rahurn at will r qulre an Initial outlay? $150.00 ThR 84,000, and 3103,000. werare in e Is p annin on In sting in snme nil ethncardingram equipment ystem has an #xpectad I ntfiya years and na A parted alvage aluR The Inves ment AXpected to 2 PR.19.20 ALO produce the following nat cash flows Dver its life:?78,000, $78,000, $87,000, Required: 1. Calculate the annual net income for each of the five years 3 CEX 1901 AL CEX.19.04 5. CEX.19.02.ALGO Net Income Year I Year 2 Year 4 Year 5 2. Calculate lhe aucuuri ny rate ??telurm. Erler yuur d"SAer as d whole percentage value(forexample, 16? should be erteled des "16". 3. W at if second competing revenue prcduanq investment has the same nitial ou ay and salvaqe valuc but the folo ng cach fio s n chronoloaia sequcncc ?103,000 $103,000 103,000 $78,000 and $21,500? Calculate its accounting rate of return. Enter your answer as a whole percentage value (for example, 10% should be entered ds"16" Using the accounting rate of return metrik, which project should be selected: the first or the second? Firct project Why might the second project be pretemed over the rirst project? It returns larger anounts of cash sooner than the first project