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 $80,000 $56,000 Useful life 4 years 9 years Estimated residual value 0 0 Estimated total income over the useful life $8,000 $23,940 Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place. 3D Printer 96 Truck 96 Average Rate of Return-Cost Savings Midwest Fabricators Inc. is considering an investment in equipment that will replace direct inbor. The equipment has a cost of $120,000 with # $11,000 residual value and a ten-year life. The equipment will replace one employee who has an average wage of $22,070 per year. In addition, the equipment will have operating and energy costs of $6,200 per year. Determine the average rate of return on the equipment, giving effect to straight-line depreciation on the investment. If required, round to the nearest whole percent. %