Solve the following by the Trial and Error method as outlined in the text and explained in the recording (Excel solutions will not be accepted). Your solution must show all equations with the factor values inserted (12), and the answer (3). The first cost of a product sold by JadaTech Inc. was $378,000. It has annual costs of $147,000 and annual revenues of $264,000. A salvage value of $99,000 was realized when the product was discontinued after 8 years. What rate of return did JadaTech make on the product?