Average rate of return The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Amount of investment Useful life Estimated residual value Estimated total income over the useful life Project C Project T $80,000 $76,000 4 years 5 years 0 0 $8,800 $18,050 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project C X % Project T %