Average Rate of Return The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals: Project A Project 2 Amount of investment $36,000 $28,000 Useful life 9 years Estimated residual value 0 0 4 years Estimated total income over the useful life $5,040 $13,230 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project A 96 Project z 9