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	$24,000			$32,000
   Useful life	4 years			9 years
   Estimated residual value	0			0
   Estimated total income over the useful life	$3,600			$16,560

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

   3D Printer	%
   Truck	%