World Manufacturing is evaluating taking on a new product. Startup investment would be $$850,000.$ Profit

$($excess of sales revenue over material and operating cost$)$ would be $$250,000$ per year. At the end of six

years the product would be discontinued, and the equipment sold for $20\%$ of the original investment.

Find the rate of return on the project. Based on $15\%$ MARR, is this a good project?