Chech 4 Information for two alternative projects involving machinery investments follows: 10 points Initial investment Salvage value Annual income Project 1 $ (122,000) 0 15, 250 Project 2 $ (92,000) 12,000 12,480 Skipped a. Compute accounting rate of return for each project. b. Based on accounting rate of return, which project is preferred? eBook Complete this question by entering your answers in the tabs below. det Hint Required A Required B Print Compute accounting rate of return for each project. References Numerator: Accounting Rate of Return 1 Denominator: / Accounting rate of retum 0 Project 1 Project 2 0