29-5 Easy question, need help thanks

CH12: LO-29 eBook | Show Me How 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 $48,000 $28,000 Useful life 4 years 7 years Estimated residual value 0 Estimated total income over the useful life $6,720 $10,780 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project A Project Z olo h