Carter Company is considering three investment opportunities with the following accounting rates of return: Project X 13.25% Project Y 6.58% Project Z 10.47% ARR Use the decision rule for ARR to rank the projects from most desirable to least desirable. Carter Company's required rate of return is 8%. (1 = most desriable and 3 = least desirable. Select whether each project should be accepted or rejected.) Rank Accept/Reject Project Project X Project Y Project Z