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The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals: 3D PrinterTruck Amount of investment$28,000$48,000Useful life4 years7 yearsEstimated residual

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

3D PrinterTruckAmount of investment$28,000$48,000Useful life4 years7 yearsEstimated residual value00Estimated total income over the useful life$2,240$11,760

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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