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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
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 $80,000 $96,000 Useful life 4 years 7 years Estimated residual value 0 0 Estimated total income over the useful life $12,000 $38,640 Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place. 3D Printer % Truck %
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