The capital investment committee of Iguana Inc. is considering two capital investments. The estimated operating income and net cash flows from each investment are as follows:

Year	Robotic Assembler Operating Income	Robotic Assembler Net Cash Flow	Warehouse Operating Income	Warehouse Net Cash Flow
1	$46,200	$140,000	$97,000	$224,000
2	46,200	140,000	74,000	189,000
3	46,200	140,000	37,000	133,000
4	46,200	140,000	16,000	91,000
5	46,200	140,000	7,000	63,000
Total	$231,000	$700,000	$231,000	$700,000

Each project requires an investment of $440,000. Straight-line depreciation will be used, and no residual value is expected. The committee has selected a rate of 10% for purposes of the net present value analysis.

Year	6%	10%	12%	15%	20%
1	0.943	0.909	0.893	0.870	0.833
2	0.890	0.826	0.797	0.756	0.694
3	0.840	0.751	0.712	0.658	0.579
4	0.792	0.683	0.636	0.572	0.482
5	0.747	0.621	0.567	0.497	0.402
6	0.705	0.564	0.507	0.432	0.335
7	0.665	0.513	0.452	0.376	0.279
8	0.627	0.467	0.404	0.327	0.233
9	0.592	0.424	0.361	0.284	0.194
10	0.558	0.386	0.322	0.247	0.162

Required:

1a. Compute the average rate of return for each investment. If required, round your answer to one decimal place.

Investment Committee	Average Rate of Return
Robotic Assembler	%
Warehouse	%

1b. Compute the net present value for each investment. Use the present value of $1 table above. If required, round to the nearest dollar. If required, use the minus sign to indicate a negative net present value.

Line Item Description	Robotic Assembler	Warehouse
Present value of net cash flow	$fill in the blank 3	$fill in the blank 4
Amount to be invested	fill in the blank 5	fill in the blank 6
Net present value	$fill in the blank 7	$fill in the blank 8