Norfolk Savings bank is considering the establishment of a new branch office at the corner of 49th street and hampton boulevard. The savings associations economics department projects annual operating revenue of 1.6 million from fee income generated by service sales and annual branch operating expenses of 800,000. The cost of procuring the property is 1.75 million and branch construction will total an estimate 2.75 million; the facility is expected to last 20 years. If the savings bank has a minimum acceptable rate of return on its invested capital of 15%, will Norfolk Savings likely proceed with this branch office project?