Information for two alternative projects involving machinery investments follow. The accounting rate of return for Proje
Posted: Fri Jul 01, 2022 8:20 am
Information for two alternative projects involving machinery investments follow. The accounting rate of return for Project 1 is: Project 1 Project 2 $ (350,000) $ (290,000) 31,000 35,000 Year Initial investment Salvage value Annual income Multiple Choice O O 22.6% 11.3% 12,0% 24.0% 0 42,000