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Robinson Hardware is adding a new product ine that will require an investment of $1,550,000 Managers estimate that this investment will have a 10-year ife and generato net cash inflows of $330,000 the first year, $275,000 the second year, and $250,000 each year thereafter for eight years. The investment has no residual value Compute the ARR for the investment First enter the formula, then compute the ARR of the new product line. (Enter your answer as a percent rounded to two decimal places) Accounting rate of return