Information for two alternative projects involving machinery investments follows: Initial investment Salvage value Annual income Project 1 $ (139,000) 0 18,070 Project 2 $ (109,000) 19,000 17,280 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. Numerator: Annual income $ $ Accounting Rate of Retum 1 Denominator 1 Average investment 18,070 1 Project 1 Project 2 Accounting rate of return 0 0 17.280