2. ALL REQUIREMENTS & IN GRAPH.

Rapp Hardware is adding a new product line that will require an investment of $1,512.000. Managers estimate that this investment will have a 10 year We and generate net cash inflows of $300,000 the first year, $280,000 the second year, and $230,000 each year thereafter for eight years. Assume the project has no residual value. Compute the ARR for the investment. Round to nwo places: Select the formula, then enter the amounts to calculate the ARR (accounting rate of return) for the new product line. (Round ARR to the nearest hundredth percent fwo decimal places), X XOCS)