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