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Testing Equipment Diagnostic Software Amount of investment $36,000 $20,000 Useful life 4 years 9 years Estimated residual value $0 $0 Estimated total income over the

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Testing Equipment Diagnostic Software Amount of investment $36,000 $20,000 Useful life 4 years 9 years Estimated residual value $0 $0 Estimated total income over the useful life $5,760 $10,350 Determine the expected average rate of return for each proposal. If required, round to one decimal place. Testing Equipment 8 % Diagnostic Software X%

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