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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 $20,000 $48,000
Useful life 4 years 9 years
Estimated residual value 00
Estimated total income over the useful life $2,600 $20,520
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 1
%
Project T fill in the blank 2
%

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