project A is not 14 or 13

Average Rate of Return The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals: Project A Project 2 Amount of investment $52,000 $28,000 Useful life 4 years 5 years Estimated residual value 0 0 Estimated total income over the useful life $7,280 $6,650 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project A 13 X % Project 2 24 X %