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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 $20,000 $24,000 Useful

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

    3D Printer Truck
    Amount of investment $20,000 $24,000
    Useful life 4 years 9 years
    Estimated residual value 0 0
    Estimated total income over the useful life $3,000 $11,340

    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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