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Average Rate of Return The following data are accumulated by Watershed Inc. in evaluating two...

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Accounting

Average Rate of Return

The following data are accumulated by Watershed Inc. in evaluating two competing capital investment proposals:

Project A Project Z
Amount of investment $24,000 $44,000
Useful life 4 years 5 years
Estimated residual value 0 0
Estimated total income over the useful life $2,400 $9,350

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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