sent valde, internal Rate DE RE Blaylock Company wants to buy a numerically controlled (NC) machine to be used in producing specially machined parts for manufacturers of trenching machines. The outlay required is $800,000. The NC equipment will last five years with no expected salvage value. The expected after-tax cash flows associated with the project follow: Year Cash Revenues Cash Expenses 1 $1,600,000 $1,316,000 2 1,600,000 1,316,000 1,600,000 1,316,000 1,600,000 1,316,000 1,600,000 1,316,000 Required: Compute the NC equipment's ARR. Enter as a percent and round your answer to one decimal place. Accounting rate of return -[