Score: 4 of 10 pts 5 of 11 (9 complete) HW Score: 52.08%, 57 29 of 110 pts E12-20A (similar to) Question Help Sikes Hardware is adding a new product line that will requre an investment of $1,550,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $300,000 The first year. 5.300.000 the second year, and $230,000 each year thereafer for eight years. The investment has no residual value Compute the ARR for the investment First, enter the formula, then compute the ARR of the new product ine. Enter your answer as a percent rounded to two decimal places) Accounting Average annual operating income from asset til nestment