Youre trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $12 million, which will be depreciated straight-line to zero over its six-year life. If the plant has projected net income of $1,859,700, $1,913,000, $1,881,400, $1,334,900, $526,852 and $152,968 over these six years, what is the projects average accounting return (AAR)? (Round the final answers to 2 decimal places.) Please show your work!