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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 $96,000 $72,000 Useful
the following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals:
3D Printer | Truck | ||||
Amount of investment | $96,000 | $72,000 | |||
Useful life | 4 years | 9 years | |||
Estimated residual value | 0 | 0 | |||
Estimated total income over the useful life | $7,680 | $21,060 |
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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