2 pints Exercise 24-5 (Algo) Accounting rate of return LO P2 Information for two alternative projects involving machinery investments follows: Initial investment Salvage value eBook- Annual income Project 1 $ (127,000) Project 2 $ (97,000) 0 15,875 17,000 13,110 Hint References 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 Check my w pter 24 Homework 2 Book int erences Saved 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: Help Save & Exit Accounting Rate of Return Denominator: = Accounting rate of return Required A Required B > Check Required A Required B Based on accounting rate of return, which project is preferred? Based on accounting rate of return, is preferred. < Required A Required B >