A property could be sold today (year 0) to provide an after-tax cash flow from sale of $900,000. If sold next year (year 1), the property is expected to generate after-tax cash flow from operations of $25,000 and provide an after-tax cash flow of $950,000 from the sale at the end of year 1. .

a. What is the marginal rate of return for holding the property for an additional year and selling at the end of year 1?