Average rate of return The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals:// Project C Project T $48,000 $76,000 4 years 7 years Amount of investment Useful life Estimated residual value Estimated total income over the useful life $7,200 $33,250 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project C Project T % % 0 0

The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals. Determine the expected average rate of return for each project. Round your answers to one decimal place. Project C % Project T %