Hi, I have tried 113,000 which I calculated, but maybe I have calculated the question the wrong way? I thought I got the correct average of cash flows and am trying to computer the number, however I have not correctly found the average operating annual income, and am therefore not able to accurately calculate the ROR

Walken Hardware is adding a new product line that will require an investment of $1,460,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $330,000 the first year, $265,000 the second year, and $250,000 each year thereafter for eight years. The investment has no residual value. Compute the ARR for the investment. First, enter the formula, then compute the ARR of the new product line. (Enter your answer as a percent rounded to two decimal places.) Accounting Average annual operating income from asset Initial investment rate of return 113,000 $ 1,460,000 1 %