You are a financial analyst employed by the Arlo Construction Company. Arlo Construction is considering submitting a bid to construct a facility for a golf club and has asked you about the feasibility of constructing the facility. The investment in fixed assets necessary will require $$318,000$ and be depreciated straight$-$line to zero over the $6-$year life of the project with no salvage value. Annual cash costs associated with the project are estimated to be $$198,200.$ Arlo Construction has an effective tax rate of $35$ percent. Suppose Arlo requires annual operating cash flows of $$92,000.$ Assuming Arlo Construction successfully wins the bid, the return that will be earned is a$.9\mathrm{.}12\%$ b$.12\mathrm{.}36\%$ c$.14\mathrm{.}78\%$ d$.18\mathrm{.}07\%$ e$.18\mathrm{.}46\%$