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 $76,000 $72,000 Useful life 4 years 5 years Estimated residual value 0 0 Estimated total income over the useful life $6,080 $12,600 Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place.

3D Printer %

Truck %