Eyring Company invested $7,500,000 in a new product line. The life cycle of the product is projected to be 7 years with the following net income...

Eyring Company invested $7,500,000 in a new product line. The life cycle of the product is projected to be 7 years with the following net income stream: $300,000, $300,000, $500,000, $900,000, $1,000,000, $2,100,000, and $1,200,000. Required: Calculate the ARR. Enter your answer as a decimal, do not convert to a percent. Round your answer to two decimal places.

Solution : Average investment =$75,00,000/7Average Net Income =Year1234567TotalNo. of yearsAverage Net IncomeARR = Average Net Income / AverageInvestment $1,071,428.57Net Income...