Exercise 11-5 (Algo) Accounting rate of return LO P2 Information for two alternative projects involving machinery investments follows: Project 1 Project 2 Initial Investment 5 (129,000) 5 (99,000) Salvage value 19,000 Annual income 12,900 12,390 o. Compute accounting rate of return for each project: b. Based on accounting rate of return, which project is preferred? 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. Accounting Rate of Return Numeraton Denominator Accounting rate of retum Project 1 Project 2 Required B > 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 Based on accounting rate of return, which project is preferred? Based on accounting rate of return is preferred