Monson Company invested $ 15,000,000 in a new product line. The life cycle of the product is projected to be seven years with the following net income stream: $ 300,000, $ 900,000, $ 1,000,000, $ 1,800,000, $ 2,400,000, $ 3,800,000, and $ 2,400,000.
Required:
Calculate the ARR.