JET FAB bought a CNC laser cutting machine at a cost of $400,000. The company uses the MACRS depreciation method for this equipment as a 7-year property for tax purposes. MACRS depreciation tables are supplied at the end of the exam. The income tax rate for the company is 35%. The laser cutting machine generated an annual income of $80,000 for each of the first two years. The company decided to sell the CNC laser cutting machine after 2 years for $244.880. The company expects to have an after-tax rate of return of 9% in all its investments. Did the company obtain the expected after-tax rate of return on this equipment