XYZ, Inc. is looking at an investment of $800,000 in a fixed asset. The fixed asset is expected to have a useful life of 4 years and generate a total of $360,000 of net income over those 4 years. The asset will be depreciated using the straight-line depreciation method and will have no residual value. What is the accounting rate of return (ARR) for this investment? 11.3% 45% 5.5% 22.5%