eBook Amount of investment Useful life Average rate of return. The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Project C $28,000 Project T $20,000 9 years 4 years 0 Feedback Show Me How Estimated residual value Estimated total income over the useful life $3,640 $8,100 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project C Project T % % Print Item 0 Check My Work Divide the estimated average annual income by the average investment. Investment cost plus estimated residual value, divided by two, equals average investment.

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