The following data are accumulated by GreenApple Motors Inc. evaluating two competing capital investment proposals: Testing Equipment Diagnostic Software Amount of investment $44,000 $92,000 Useful life 4 years 7 years Estimated residual value $0 $0 Estimated total income over the useful life $6,160 $32,200 Determine the expected average rate of return for each proposal. If required, round to one decimal place. Testing Equipment _________ % Diagnostic Software _________ %

Average Rate of Return The following data are accumulated by GreenApple Motors Inc. evaluating two competing capital investment proposals