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Turmer Hardware is adding a new product line that will require an irvesiment of $1,510,000. Managers estimate that this investment will have a 10-year life

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Turmer Hardware is adding a new product line that will require an irvesiment of $1,510,000. Managers estimate that this investment will have a 10-year life athd generate net cash inflows of $330,000 the first year, $285,000 the second year, and $225,000 each year thereafter for eight years, The investrient has no residual value. Compute the ARR tor the investment

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