An initial investment of $40,000 in Coronado's Bunks is expected to pay off greatly-but not equally-in each of the next 5 years. The company expects a small increase in operating income in year 1 of $5,375, but then steadily larger improvements in profitability in years 2-5: $10,875, $21,375, $19,625, and $27,000, respectively. The year prior to this investment, the company's ARR was 9%, and its tax rate was 20%. What level of ARR does this projection provide? (Round answer to 2 decimal places, e.g. 15.25%.) ARR % Is it likely that the company will move forward with this investment?