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0 The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals: Project A Project 2 Amount of investment $24,000 $96,000

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0 The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals: Project A Project 2 Amount of investment $24,000 $96,000 Useful life 4 years 5 years Estimated residual value 0 Estimated total income over the useful life $2,640 $21,600 Determine the expected average rate of return for each project. Round your answers to one decimal place Project A X% Project 2 9

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