The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Amount of investment Useful life Estimated residual value Estimated total income over the useful life Project C $48,000 Project T $24,000 4 years 7 years 0 0 $5,760 $8,400 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project C X % Project T X % Feedback Check My Work Divide the estimated average annual income by the average investment. Investment cost plus estimated residual value, divided by tw