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Self Check: Basic Capital Budgeting Tools IronZee Industries is adding a new product line that will require an investment of $1,268,000. It is estimated this

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Self Check: Basic Capital Budgeting Tools

IronZee Industries is adding a new product line that will require an investment of $1,268,000. It is estimated this investment will have a 10-year life and will generate net cash inflows of $296,000 the first year, $266,000 during the second year, and $235,000 each year thereafter for 8 years. The project will have $0.00 residual value. Compute the ARR for the investment. (Round your answers to two decimal places when needed and use rounded answers for all future calculations)

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