Accounting Rate of Return Vanderhoort Company invested $9,980,000 in a new product line. The life cycle of the product is projected to be seven years with the following net income stream: $360,000, $350,000, $600,000, 51,080,000, $1,200,000, 52,520,000, and $1,444,000. Required: Calculate the ARR. Enter your answer as a decimal, do not convert to a percent. Round your answer to two decimal places