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  3. the following data are accumulated by watershed in

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

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Accounting

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

Project A Project Z
Amount of investment $55,000 $50,000
Useful life 12 years 15 years
Estimated residual value $5,000 $6,000
Estimated total income over the useful life $57,600 $63,000

Determine the expected average rate of return for each project.

Project A %
Project Z %

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