Average Rate of Return

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

	Project A		Project Z
Amount of investment	$80,000			$92,000
Useful life	4 years			7 years
Estimated residual value	0			0
Estimated total income over the useful life	$8,800			$27,370

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

Project A	?
Project Z	?