Kermit plans to open a boutique. The initial investment is

$$10,000.$ He has to spend $$1,500$ in annual operations and

maintenance. The boutique generates $$3,000$ in revenues every

year. Kermit uses a $10$ year planning horizon and a MARR of $12\%.$

The correctly calculated Rate of Return for this project is

$\%.$

Enter the ROR as a percentage with $2$ decimals. For example

$2\mathrm{.}34\%$ will be entered as $2\mathrm{.}34.$ Do NOT use the $\%$ symbol.

Based on the calculated ROR should Kermit invest in the

boutique?

Answer Yes or No$.$

$($Do it by hand, but not using excel.$)$