Blaylock Company wants to buy a numerically controlled $($NC$)$ machine to be used in producing specially machined parts for manufacturers of trenching machines. The outlay required is $$800,000.$ The NC equipment will last five years with no expected salvage value. The expected after$-$tax cash flows associated with the project follow:

Year Cash Revenues Cash Expenses

$1$ $$1,600,000$ $$1,292,000$

$21,600,0001,292,000$

$31,600,0001,292,000$

$41,600,0001,292,000$

$51,600,0001,292,000$

Required:

Compute the NC equipment$$s ARR. Enter as a percent and round your answer to one decimal place.

Accounting rate of return $=$ fill in the blank $1$

$\%$