Flexible Budgets and Performance Measurement$-2$

Swanson Corporation is evaluating five different capital expenditure proposals. The company's hurdle rate for net present value analysis is $12\%.$ A $15\%$ salvage value is expected

from each of the investments. Information on the five proposals is as follows:

a$.$ Compute the excess present value index for each of the five proposals.

Round answers to three decimal places.

b$.$ Compute the average rate of return for each of the five proposals.

Round answers to one decimal place. For example, $0\mathrm{.}4567$ equals $45\mathrm{.}7\%$