P8-1 (similar to) Question Help Rate of return Douglas Keel, a financial analyst for Orange Industries, wishes to estimate the rate of return for two similar-risk investments, X and Y Douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. A year earlier, investment X had a market value of $22,000, and investment Y had a market value of $44,000. During the year investment X generated cash flow of $1,650 and investment Y generated cash flow of $5,299. The current market values of investments X and Y are $22,753 and 544,000, respectively a. The expected rate of return on investment X is % (Round to two decimal places) Enter your answer in the answer box and then click Check