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UT Engineering is considering two new projects. After using the annual rate of return method to determine the acceptability of the projects, Project A comes
UT Engineering is considering two new projects. After using the annual rate of return method to determine the acceptability of the projects, Project A comes back with a rate of 14% and Project B comes back with a rate of 12%. If JT's required rate of return is 12%, which of the following correctly describes the acceptability of these projects? O Project A is acceptable, but Project Bis unacceptable. O Both projects are acceptable, but Project Bis more attractive than Project A O Project Bis acceptable, but Project A is unacceptable. O Both projects are acceptable, but Project Als more attractive than Project B
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