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The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals: 3D Printer Truck Amount of investment $52,000 $32,000 Useful

The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals:

3D Printer Truck
Amount of investment $52,000 $32,000
Useful life 4 years 7 years
Estimated residual value 0 0
Estimated total income over the useful life $4,680 $10,080

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

3D Printer
Truck

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