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Question 6 5 pts Amber Company is considering a one-year project that requires an initial investment of $500,000. However, to raise this capital, the company

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Question 6 5 pts Amber Company is considering a one-year project that requires an initial investment of $500,000. However, to raise this capital, the company will incur notation costs that are 2% of the initial investment amount. At the end of the year, the project is expected to produce a cash innow of $562.000. What is the rate of return that the company expects to earn on this project after taking notation costs into consideration! Your answer should be between 7.32 and 16.60, rounded to 2 decimal places, with no special characters

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