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Hardware is adding a new product line that will require an investment of
$1,450,000.
Managers estimate that this investment will have a 10-year life and generate net cash inflows of
$ 325 comma 000$325,000
the first year,
$285,000
the second year, and
$235,000
each year thereafter for eight years. The investment has no residual value. Compute the ARR for the investment.
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