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Accounting Rate of Return Vanderhoort Company invested $10,140,000 in a new product line. The life...

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Accounting

Accounting Rate of Return

Vanderhoort Company invested $10,140,000 in a new product line. The life cycle of the product is projected to be seven years with the following net income stream: $200,000, $600,000, $1,000,000, $1,200,000, $1,600,000, $2,200,000, and $1,600,000.

Required:

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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