1. Average Rate of Return

The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals:

	3D Printer		Truck
Amount of investment	$20,000			$24,000
Useful life	4 years			9 years
Estimated residual value	0			0
Estimated total income over the useful life	$3,000			$11,340

Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place.

3D Printer	%
Truck	%