Problem $12-8$

Pluto Corporation is considering an investment that will cost $$210,000$ and last for three years. The investment will be amortized on a straight$-$line basis over that period. Earnings generated by the investment before amortization and taxes over this period are as follows:

Year $1$ $$110,000$

Year $2120,000$

Year $3150,000$

Pluto Corporation has a tax rate of $25$ percent. What is the AAR of this project? $($Round the final answer to $2$ decimal places.$)$

AAR

$40\mathrm{.}48$

$\%$

please no gpt answers genuine explantory solutions