Consider the following investment:

Initial cost = $150K

Annual revenue = $50K ($50,000)

Annual expenses = $15K

Useful Life = 10 Years

Depreciation life = 10 Years

Depreciation method: Straight Line

Salvage value = $0

MARR = 19%

Tax Rate = 40%

What is the rate of return (in %) for this project? (provide your answer in the box using xx % format; e.g., 5%)

Does this project earn the MARR after considering income taxes? (provide your answer and justification in your pdf file submission)