Average rate of return

The following data are accumulated by Patterson Inc. in evaluating two competing capltal investment proposals:

Amount of investment

Useful life

Estimated residual value

Estimated total income over the useful life

Project T

$44,000$

$0\%$

$7$ years

$$13,860$

Project C

$0\%$

$$24,000$

$4$ years

$0$

$$3,120$

Determine the expected average rate of return for each project. Round your answers to one decimal place.

Project C

Project T