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The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals: Project A Project Z Amount of investment $ 8 0

The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals:
Project A Project Z
Amount of investment $80,000 $64,000
Useful life 4 years 9 years
Estimated residual value 00
Estimated total income over the useful life $6,400 $20,160
Determine the expected average rate of return for each project. Round your answers to one decimal place.

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