Malkind Hardware is adding a new product line that will require an investment of $1,454,000 Managers estimate that this investmen residual value. Compute the ARR for the investment. Round to two places Select the formula, then enter the amounts to calculate the ARR (accounting rate of return) for the new product line. (Round ARR to ARR % ent of 51 454 000 Managers estimate that this investment will have a 10-year life and generate net cash inflows of $310.000 the first year, $270,000 the sec cing rate of retum) for the new product line. (Round ARR to the nearest hundredth percent two decimal places). XX%) ARR % ash inflows of $310,000 the first year, 5270,000 the second year, and $250,000 each year thereafter for eight years. Assume the project has no places).XXX%)