Question
The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals: Project A Project Z Amount of investment $20,000 $68,000 Useful
The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals:
| Project A | Project Z | ||||
| Amount of investment | $20,000 | $68,000 | |||
| Useful life | 4 years | 9 years | |||
| Estimated residual value | 0 | 0 | |||
| Estimated total income over the useful life | $3,200 | $38,250 | |||
Determine the expected average rate of return for each project. Round your answers to one decimal place.
| Project A | fill in the blank 1% |
| Project Z | fill in the blank 2% |
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Fraud Examination
Authors: W. Steve Albrecht, Conan C. Albrecht, Chad O. Albrecht, Mark F. Zimbelman
3rd edition
324560842, 978-0324560848
