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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 PrinterTruckAmount of investment$44,000$48,000Useful life4 years9 yearsEstimated residual value00Estimated total income over the useful life$3,960$16,200

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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