Assuming a 1 year money market account investment at 3.94 percent (APY), a 2.87 percent inflation rate, a 25 percent marginal tax braket, and a constant $50,000 balance, calculate the after-tax rate of return, the real rate of return, and the total monetarty return. What are the implications of this result for cash management deisions?

Assuming a 1-year, money market account investment at 3.94 percent (APY), a 25percent marginal tax bracket, and a constant $ 50,000 balance the after-tax rate of return is

____%.(Round to two decimal places.)