An employee contributes 10 percent of his $90,000 salary into the companys 401(k) plan. The company matches 40 percent of the first 6 percent of the employees salary. The employee in the 31 percent tax bracket and the 401(k) plan excepts to yield an five percent (5%) rate of return.

Calculate the employees return on this plan for one year. (Round to the nearest decimal point.)

Group of answer choices

94%

54%

34%

89%