An initial investment of $$50,000$ in Oriole's Bunks is expected to pay off greatly$-$but not equally$-$in each of the next $5$ years. The company expects a small increase in operating income in year $1$ of $$4,750,$ but then steadily larger improvements in profitability in years $2-5$ : $$10,125,$$$19,375,$$$18,250,$ and $$25,625,$ 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$.15\mathrm{.}25\%.)$

ARR

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