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Robins Hardware is adding a new product in that will require an investment of $1,454,000 Managers estimate that this investment will have a 10-year life
Robins Hardware is adding a new product in that will require an investment of $1,454,000 Managers estimate that this investment will have a 10-year life and generato net cash inflows of $320,000 the first year, $270,000 the second year, and $250,000 each year thereafter for eight years Assume the project has no residual value Compute the ARR for the investment Round to two places Select the formula, then enter the amounts to calculate the ARR (accounting rate of return) for the new product ine. (Round ARR to the nearest hundredth percent Ttwo decimal places) XXX%) ARR
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