As technology venture CEO, you are presenting your software company's seed round to a potential VC associate, who is a partner at a VC fund. According to your team, you have 508 users this year (year 1) with each paying $149.99/mo. for your software-as-a-service product.

Your CFO says your annual expenses are around $275k annually and projected to rise 14.5% each year (year on year increase). Good news is, your users will experience year-on-year growth of 25% in year 2, and 30% on year 3 and by 35% in the fourth year. More importantly, in year 3 and 4, you are improving the product and can charge customers $249.99 a month.

Assuming 4-year projection time-horizon, what is:

• Your profit margin (%) for year 2 [if 52%, write 0.52]