The cash flows from the Wile-IT Computing Company Solar Project are shown below.

Calculate the rate-of-return of the solar power generation project financed with retained earnings and determine if the firm should go ahead with the project if MARR is 35%. Explain the financial rational behind the decision based on the evaluation criteria. Show formulas, calculations, and results.

Year 0 1 2 3 4 Retained Earnings Net Cash Flow $(1,250,000)$ 475,750 $513,250 $473,250 $ 708,750