Average of Return The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals Project A Project 2 Amount of investment $64,000 $40,000 Useful life 4 years 7 years Estimated residual value 0 0 Estimated total income over the useful life $5,760 $11,200 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project A X % Project 2 pe Feedback Check My Divide the estimated average annual income by the average investment. Investment cost plus estimated residual value, divided by two equal average investment