Year Resort Project Cash Flows Racehorse Project Cash Flows 6,000,000 4,000,000 6,150,000 4,000,000 6,250,000 4,120,000 6,300,000 4,150,000 6,250,000 4,150,000 6,225,000 4,200,000 6,500,000 4,250,000 6,450,000 4,300,000 6,400,000 4,350,000 6,200,000 4,400,000 1. For both projects compute the simple rate of return. 2. Should the company accept the project? Why or why not? Year Resort Project Cash Flows Racehorse Project Cash Flows 6,000,000 4,000,000 6,150,000 4,000,000 6,250,000 4,120,000 6,300,000 4,150,000 6,250,000 4,150,000 6,225,000 4,200,000 6,500,000 4,250,000 6,450,000 4,300,000 6,400,000 4,350,000 6,200,000 4,400,000 1. For both projects compute the simple rate of return. 2. Should the company accept the project? Why or why not