Part II Two mutually exclusive projects, A and B are being evaluated by Mui Limited for equipment renovation. The assets will be depreciated over their corresponding project lives with the scrap values to be 10% of their costs. The associated cash flows of the projects are listed as below: Year Project A Project B 0 (11,000) (15,000) 1 5,100 5,700 2 5,600 7,200 3 4,000 7,400 4 1,000 8,500 5 4,500 Required: Calculate the Accounting Rate of Return (ARR) for each project, and advise which one of the two projects should be accepted by showing ALL workings. (15 marks)