The expected average rate of return for a proposed investment of $680,400 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total income of $308,240 for the 4 years is (round to two decimal places) a. 0.45% b. 22.65% c. 0.91% 4. 1133% The present value of $62,000 to be received in 1 year, at 6% compounded annually, is (rounded to the nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest a. $62,000 b. 558.491 c. $55,357 d. 557,944