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Joanna is the manager of a hotel chain's marketing department, and is considering a project...

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Accounting

Joanna is the manager of a hotel chain's marketing department, and is considering a project that will cost $484,000 to implement. The project will last three years until it would be shut down, with a residual value of $47,000. The incremental operating income from this project is shown below. Year Incremental Operating Income 1 $74,000 2 $53,000 3 $32,000 Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Calculate the ARR for the project. ARR: Answer %

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