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10) Jay has wealthy backers who are helping finance his search fund he recently started. He just left a job that promised to pay $200000 at the end of each year. With the search fund, he is to be paid $50000 at the end of each year. Jay is awarded a share of the search fund that gives him a 35% stake in the company upon its sale to an acquirer. The acquirer will pay $1600000 for the company at the end of two years. What is Jay's annual rate of return on this search fund? Express your answer in decimal terms to the closest tenth of a percent e.g. 14.5% should be expressed as 14.5