Accounting Rate of Return Cannon Company invested $8,000,000 in a new product line. The life cycle of the product is projected to be 8 years with the following net income stream: $200,000, $200,000, $300,000,700,000 $800,000, SI, 100,000, $2,000,000, and $1,100,000 Required: Calculate the ARR. Enter your answer as a decimal, do not convert to a percent