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

_______________________________________________3D Printer                    Truck

Amount of investment………………………………………..$40,000……………$50,000

Useful life…………………………………………………….........7 years…………...10 years

Estimated residual value……………………………………….$3,000…………….$6,000

Estimated total income over the useful life…………..$24,080…………...$36,400

Determine the expected average rate of return for each proposal.