Gibson Hardware is adding a new product line that will require an investment of $ $1$ comma $540$ comma $000$$$1,540,000.$ Managers estimate that this investment will have a$10-$year life and generate net cash inflows of $ $305$ comma $000$$$305,000$ the first$$ year, $ $270$ comma $000$$$270,000$ the second$$ year, and $ $235$ comma $000$$$235,000$ each year thereafter for eight years. The investment has no residual value. Compute the ARR for the investment.