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The manager of a business is considering to invest on a project that will cost $390,000 to implement. The project will last three years until

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The manager of a business is considering to invest on a project that will cost $390,000 to implement. The project will last three years until it would be shut down. The annual Cash Flow is shown below. (no residual) Year Annual Cash Flow 1 $165,000 2 145,000 3 233,387 How much is the ARR? a. 13.68% b. 1.35% c. 8.31% d. 13.11%

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