genow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Average rate of return Show Me How The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Amount of investment Useful life Estimated residual value Estimated total income over the useful life Project C $52,000 Project T $56,000 4 years 9 years 0 $7,800 $30,240 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project C Project T < % %