$10\mathrm{.}40$ Management of Skywards, Inc., an airline caterer, is purchasing refrigerated frucks at a total cost of $$3\mathrm{.}25$ million. After$-$tax net income from this investment is expected to be $$750,000$ for the next five years. Annual depreciation expense will be $$650,000.$ The cost of capital is $17$ percent.

$[$Compute the ARR $]$