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Business, 29.05.2020 18:03 firenation18

Joe's Hardware is adding a new product line that will require an investment of $ 1 comma 540 comma 000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $ 305 comma 000 the first year, $ 265 comma 000 the second year, and $ 230 comma 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

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