Siesta Manufacturing has asked you to evaluate a capital investment project. The project will require an initial investment of

$81,000.

The life of the investment is

6

years with a residual value of

$3,000.

If the project produces net annual cash inflows of

$14,000,

what is the accounting rate of return? (Round any intermediary calculations to the nearest dollar and your final answer to two decimal places, X.XX%.)