The Blue Island Resort are considering establishing a cooking school. It will cost $250,000 to renovate a meeting room into a small demonstration kitchen. There is no residual value. The cooking school is expected to generate the following profits:

Year 1 $25,000

Year 2 $28,000

Year 3 $32,000

Year 4 $45,000

Year 5 $55,000

Year 6 $70,000

What is the ARR?

Enter your answer as a whole number rounding to the nearest decimal place.