Mad Dog Fence company expects to sell $300$ fences p$/$yr for $$1000$ each. Monthly sales are $20\%$ cash and $80\%$ credit. Operating expenses are: variable costs of $$450$ p$/$fence and annual fixed costs of $$80,000.$ Mad Dogs total assets are worth $$200,000.$ This includes hammers, saws, posthole diggers and a truck and trailer for hauling equipment to work sites. James, the owner, expects a $16\%$ rate of return on assets. What is Mad Dogs annual Return on Investment?