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Average Rate of Return The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals Truck 3D Printer $60,000 4 years $96,000 Amount of investment Useful life Estimated residual value Estimated total income over the useful life Determine the expected average rate of return for each proposal. If required, round your answers to one decimal place 3D Printer Truck 7 years $8,400 31,920 141 X % 331 X % Feedback Check My Work Divide the estimated average annual income by the average investment. Investment cost plus estimated residual value, divided by two, equals average investment. Learning Objective 2. Check ay Nork Previous Next All work saved. Save and Exit Submit Assignment for Grading