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 $56,000 $76,000 Useful life 4 years 9 years Estimated residual value 0 0 Estimated total income over the useful life $6,160 $32,490 Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place. 3D Printer 2.8 X % Truck 4.8 X % Feedback Check My Won Divide the estimated average annual income by the average investment. Investment cost plus estimated residual value, divided by two, equals avera Learning Objective 2