Agdist Corporation distributes agricultural equipment. The board of directors is considering a proposal to establish a facility to manufacture an electronically controlled "intelligent" crop sprayer invented by a professor at a local university. This crop sprayer project would require an investment of $12million in assets and would produce an annual after-tax net benefit of $1.8 million over a service life of seven years. All costs and benefits are included in these figures. When the project terminates, the net proceeds from the sale of the assets will be $1.1 million. Compute the rate of return of this project.Is this a good project at MARR equals=14%?