=+The following data are accumulated by Eco-Labs, Inc. in evaluating two competing capital investment proposals: Testing Equipment
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=+The following data are accumulated by Eco-Labs, Inc. in evaluating two competing capital investment proposals:
Testing Equipment Vehicle Amount of investment $80,000 $28,000 Useful life 6 years 8 years Estimated residual value 0 0 Estimated total income over the useful life $13,200 $14,000 Determine the expected average rate of return for each proposal. Round to one decimal place.
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