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The following data are accumulated by GreenApple Motors Inc. evaluating two competing capital investment proposals: Testing Equipment Diagnostic Software Amount of investment $40,000 $64,000 Useful

The following data are accumulated by GreenApple Motors Inc. evaluating two competing capital investment proposals: Testing Equipment Diagnostic Software Amount of investment $40,000 $64,000 Useful life 4 years 5 years Estimated residual value $0 $0 Estimated total income over the useful life $4,400 $16,000 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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