Average Rate of Return The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals: Project A Project z Amount of investment $68,000 $24,000 Useful life 4 years 7 years Estimated residual value 0 0 Estimated total income over the useful life $7,480 $6,720 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project A X % Project 2 % Feedback Check My Wors Divide the estimated average annual income by the average Investment. Investment cost plus estimated residual value, divided by tw investment