Return on Investment (ROI): 15% Payback Period: 3 years Net Present Value (NPV): R50,000 Internal Rate of Return (IRR): 12% Cash Flows: Year 1: R20 000 Year 2: R30 000 Year 3: R40 000 1.4 

Calculate the ARR for XYZ Corporation. 

Assume depreciation is calculated on the straight-line method and that the project has a scrap value of R5000.