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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