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	$76,000			$72,000
Useful life	4 years			5 years
Estimated residual value	0			0
Estimated total income over the useful life	$6,840			$14,400

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

Project A	%
Project Z	%