IronZee Industries is adding a new product line that will require an investment of $1,216,000. It is estimated this investment will have a 9-year fife and will generate net cash inflows of $299.000 the first year, $266,000 during the second year, and $225,000 each year thereafter for 7 years. The project will have $0.00 residual value. Compute the ARR for the imvestment. (Round your answers to two decimal places when needed and use rounded answers for all future calculations) IronZee Industries is adding a new product line that will require an investment of $1,216,000. It is estimated this investment will have a 9-year fife and will generate net cash inflows of $299.000 the first year, $266,000 during the second year, and $225,000 each year thereafter for 7 years. The project will have $0.00 residual value. Compute the ARR for the imvestment. (Round your answers to two decimal places when needed and use rounded answers for all future calculations)