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average Rate of Return The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals: Project A Project 2 4 years

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average Rate of Return The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals: Project A Project 2 4 years Amount of investment $84,000 $76,000 Useful life 9 years Estimated residual value 0 0 Estimated total income over the useful life $13,440 $41,040 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project A % % Project 2

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