Accounting Rate of Return Uchdorf Company invested $12,000,000 in a new product line....
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Accounting
Accounting Rate of Return
Uchdorf Company invested $12,000,000 in a new product line. The life cycle of the product is projected to be 7 years with the following net income stream: $340,000, $340,000, $620,000, $1,020,000, $1,240,000, $2,380,000, and $1,474,000.
Calculate the ARR. Enter your answer as a decimal, do not convert to a percent. Round your answer to two decimal places.
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