Information for two alternative projects involving machinery investments follows: Initial investment Salvage value Annual income Project 1 $ (138,000) Project 2 $ (108,000) 0 18,000 17,250 15,120 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 Project 1 Project 2 $ $ Accounting Rate of Return Denominator: Average investment = Accounting rate of return 17,250 0 15,120 0 < Required A Required B >