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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

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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 investment $28,000 $76,000 Useful life 4 years 9 years Estimated residual value 0 0 Estimated total income over the useful life $2,800 $29,070 Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place. 3D Printer 9% Truck 96

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