Payback, Accounting Rate of Return, 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 last five years with no expected salvage value. The expected after-tax cash flows associated with the project follow: Year Cash Revenues Cash Expenses 1 $1,400,000 $1,100,000 2 1,400,000 1,100,000 3 1.400.000 1.100,000 1,400,000 1,100,000 5 1.400,000 1,100,000 Required: Compute the NC equipment's ARR. Enter as a percent and round your answer to one dedmal place! Accounting rate of return X 90