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Problem 12-6 Pluto Corporation is considering an investment that will cost $210,000 and last for three years. The investment will be amortized on a straight-line

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Problem 12-6 Pluto Corporation is considering an investment that will cost $210,000 and last for three years. The investment will be amortized on a straight-line basis over that period. Earnings generated by the investment before amortization and taxes over this period are as follows: Year 1 $110,000 Year 2 120,000 Year 3 150,000 Pluto Corporation has a tax rate of 25 percent. What is the AAR of this project? (Round the final answer to 2 decimal places.) AAR %

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