Required information

A project has a first cost of $$82000,$ a salvage value of $20\mathrm{.}00\%$ of the first cost after $3$ years, and annual $($GI$-$OE$)$ of

$$270000.$ Assume the company has a $T_e$ of $37\%.$

Determine the before$-$tax rate of return $($ROR$).($Round the final answer to three decimal places.$)$

The before$-$tax rate of return $($ROR$)$ is determined to be

$\%.$