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Caruso Hardware is adding a new product line that will require an investment of $ 1 comma 530 comma 000. Managers estimate that this investment

Caruso Hardware is adding a new product line that will require an investment of $ 1 comma 530 comma 000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $ 330 comma 000 the first year, $ 265 comma 000 the second year, and $ 255 comma 000 each year thereafter for eight years. The investment has no residual value. Compute the ARR for the investment.

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