3 Information for two alternative projects involving machinery investments follows: 3.33 points Initial investment Salvage value Project 1 $ (120,000) 0 Project 2 $ (90,000) 10,000 Annual income 15,000 12,000 eBook 201 Hint Print 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 Compute accounting rate of return for each project. Project 1 Project 2 Accounting Rate of Return Denominator: = Accounting rate of return Numerator: / Required A Required B >