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The following data are accumulated by Eco-Labs Inc. in evaluating two competing capital investment proposals: Testing Equipment Diagnostic Software Amount of investment $64,000 $84,000 Useful

The following data are accumulated by Eco-Labs Inc. in evaluating two competing capital investment proposals:

Testing Equipment Diagnostic Software
Amount of investment $64,000 $84,000
Useful life 4 years 5 years
Estimated residual value $0 $0
Estimated total income over the useful life $7,680 $18,900

Determine the expected average rate of return for each proposal. If required, round to one decimal place.

Testing Equipment %
Diagnostic Software %

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