Question: please help last two times have been wrong plz show work Robinson Hardware is adding a new product line that will require an investment of

please help last two times have been wrong plz show work please help last two times have been wrong plz show work Robinson

Robinson Hardware is adding a new product line that will require an investment of $1,418,000. Managers estimate that this investment will have a 10 -yoar life and generate net cash inflows of $310,000 the first year, $270,000 the second year, and $230,000 each year thereafter for eight years. Assume the project has no 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 the nearest hundredth percent [two decimal placos), X.XX\%.)

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