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 $17 million in assets and would produce an annual after-tax net benefit of $4.5 million over a service life of 12 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 $1.8 million. Compute the rate of return of this project. Is this a good project at MARR = 24%? The rate of return; i = (keep 2 decimal places in numerical results) Accept or reject the project