Payback, Accounting Rate of Retum, Net Present Value, Internal Rate of Return Blaylock Company wants to buy a numerically controlled (NC) machine to be used in producing specially machined parts for manufacturers of trenching machines. The outlay required is $800,000. The NC equipment will tast five years with no expected salvage value. The expected after-tax cash flows associated with the project follow Cash Revenues Cash Expenses $1,400,000 $1,100,000 Year 1 2 1,400,000 1,100,000 3 1,400,000 4 1,400,000 1,400,000 1,100,000 1,100,000 1,100,000 5 Required: Compute the NC equipment's ARR. Enter as a percent and round your answer to one decimal place Accounting rate of return