Aqua Fresh uses a 24% after-tax target ROR for new investment proposals. The discount figures for a 24% ROR are given.

(Year) (PV of $1.00 Rereceived at the End of period) (PV of an Annuiy of $1.00 received at the End Of Each Period)

1 0.81 0.81

2 0.65 1.46

3 0.52 1.98

4 0.42 2.4

5 0.34 2.74

6 0.28 3.02

7 0.22 3.24

The accounting ROR for the investment proposal over its life using the initial value of the investment is?