A company uses a MARR of 12%. The forecast of expenses for the next year (year 1), in then-current thousands of US$, and inflation rate are, Raw materials: 10,000, and expected inflation of 4% per year in the following 5 years. Rent: 120, and expected inflation of 3% per year in the following 5 years. Uuttos: 8000 and expected inflation of 2% per year in the following 5 years, Considering the original MARR and the average inflation rate of costs, what is the real MARR? (Use two decimals, format XXX no%sign)