Average rate of return

The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals:

Line Item Description Project C Project T

Amount of investment $$40,000$ $$88,000$

Useful life $4$ years $5$ years

Estimated residual value $00$

Estimated total income over the useful life $$4,400$ $$19,800$

Determine the expected average rate of return for each project. Round your answers to one decimal place.

Line Item Description Percentages

Project C fill in the blank $1\%$

Project T fill in the blank $2\%$