3 Project 1 Initial investment Salvage value $ (122,000) Project 2 $ (92,000) B Annual income 15,250 12,000 12,480 15 points eBook Hint Ask 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. Mc Graw Project 1 Project 2 Numerator: Accounting Rate of Return Denominator: Pray 3 of 8 Accounting rate of return Required B Next> 0 o Check my work