Information for two alternative projects involving machinery investments follow. The accounting rate of return for Project 1 Is: Year Initial investment Salvage value Annual income Multiple Choice O O O 11.7% 25.0%. 23.3% 12.5%. 25.5%. Project 1 $ (280,000) 0 35,000 Project 2 $ (220,000) 24,000 28,000

Information for hwo alternative projects involving machinery irvistments follow. The accounting rate of retum for Project is Muntiple Choice 11 2591 23.34 1261 2564