Fielding Hardware it adding a new produot ine that wil require an investment of $1,520,000. Managers esimaso that this investment will have a 10-year 1 Ho and 0 generate net cash inflows of $30,000 the first year, $270,000 the second year, and $260,000 each year thereafter for eigh years. The investment has no residual value. Compute the ARR for the invesiment First; entee the formula, then conpute the ARR of the new product line. (Enser your antwer as a percent rounded to two decirmal piaced