please answer ASAP

Cold Goose Metal Works Inc. is considering a one-year project that requires an initial investment of $500,000; however, in raising this capital, Cold Goose will incur an additional flotation cost of 4%. At the end of the year, the project is expected to produce a cash inflow of $750,000. The rate of return that Cold Goose expects to earn on the project after its fotation costs are taken into account is