Average rate of return The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Line Item Description Project C Project T Amount of investment $72,000 $68,000 Useful life 4 years 5 years Estimated residual value 0 0 Estimated total income over the useful life $5,760 $12,750 Determine the expected average rate of return for each project. Round your answers to one decimal place. Line Item Description Percentages Project C fill in the blank 1 % Project T

Average rate of return The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Determine the expected average rate af return for each project. Round your answers to one decimal place. Project C % Project T Y0