Average rate of return The following data are accumulated by Patterson Inc. in evaluating two...
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Average rate of return The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Determine the expected average rate of return for each project. Round your answers to one decimal place. \begin{tabular}{lc} Project C & % \\ Project T & % \end{tabular} Feedback v Check My Work Divide the estimated laverage annual income by the average investment. Investment cost plus estimated residual value, divided by two, equals average investment
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