You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $11.1 million, which will be depreciate straight-line to zero over its four- year life. If the plant has projected net income of $1,817,600, $1,786,000 over these four years, what is the project's average accounting return (AAR)? (Round your answer to 2 decimal places. (e.g., 32.16))