Third state bank wants to add a new branch office. it has determined that the cost of construction of the new facility will be $1.5 million with another $500,000 in organizational costs. the bank has estimated that it will generate $319,522 per year in net revenues. if the new branch is expected to last 20 years, what is the expected rate or return on this investment? (round to the nearest whole percent)

a. 6 percent
b. 21 percent
c. 15 percent
d. 32 percent
e. 25 percent
can you provide a step-by-step process and the functions to solve this problem on a financial calculator

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?