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kes Hardware is doing a new product line that will require an investment of $1,550,000. Managers estimate that this investment will have a 10-year ife

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kes Hardware is doing a new product line that will require an investment of $1,550,000. Managers estimate that this investment will have a 10-year ife and generate net cash intows of $335 000 the first year, $270.000 the second ear, and $235.000 each year thereafter for eight years. The investment has no residual value. Compute the ARR for the investment tenter the form the compute the Art of the new productie. Er you as a percent rounded t o decimages) Accounting

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