3 Q012:8 pts possibl we Robertson Hardware is adding a new product line that will require an investment of $1,476,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $320,000 the first year, $270,000 the second year, and a$250,000 each year thereafter for eight years. Assume the project has no residual value. Compute the ARR for the d ge investment. Round to two places. the Select the formula, then enter the amounts to calculate the ARR (accounting rate of return) for the new product line. (Round ARR to the nearest hundredth percent [two decimal places). XXX%) Average annual operating income eg Average amount invested ARR of $ ash r for e th ware side OE hig Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Pro DIl