18 < > To expand its operation Maggie's Resorts is investing $11,908,000 for additional bungalows and amenities for its guests. The anticipated annual operating income is expected to be $1,417,000, and the expected residual value at the end of its 10-year life is $591,000. Round ARR to two decimal places. (Amount Invested + Residual Value) / 2 = Average amount Invested / 2 = Average annual operating income / Average amount invested = / = ARR (%)