2 Exercise 11-5 (Algo) Accounting rate of return LO P2 Information for two alternative projects involving machinery investments follows: 3 DOINS Initial investment Salvage value Project 1 5 (121,000) Annual income 14,520 Project 2 $(91,000) 11,000 12,750 eBook Prin Hin References e. 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. Project 1 Project 2 Numerator Accounting Rate of Reture Denominator Accounting rate of reham O A Required >