A new IS project has been proposed that is expected to produce cost savings but also an increase in revenue. The initial cost to establish the system is estimated to be $750,000. The remaining cash flow data is presented in the following table( number are thousands).

Year 1 Year 2 Year 3 Year 4 Year 5

Increased Revenue($) 50 125 160 250 250

Cost Savings($) 25 75 75 75 75

Depreciation($) - 100 100 125 100

Initial Expense($) 750

Calculate the return on investment (ROI) for this project? Assume the cost of capital is 7%.