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The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Line Item Description Project C Project T Amount of investment
The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals:
Line Item Description Project C Project T
Amount of investment $ $
Useful life years years
Estimated residual value
Estimated total income over the useful life $ $
Determine the expected average rate of return for each project. Round your answers to one decimal place.
Line Item Description Percentages
Project C fill in the blank
Project T fill in the blank
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