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Consider the following investment: Initial cost = $151K Annual revenue = $50K ($50,000) Annual expenses = $15K Useful Life = 10 Years Depreciation life =

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Consider the following investment: Initial cost = $151K Annual revenue = $50K ($50,000) Annual expenses = $15K Useful Life = 10 Years Depreciation life = 10 Years Depreciation method: Straight Line Salvage value = $0 MARR = 15% 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)

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