Consider the following investment cash flows:

Year Cash Flow

$0($$$240,000)$

$130,000$

$240,000$

$350,000$

$460,000$

$560,000$

$650,000$

$740,000$

$830,000$

$920,000$

$1010,000$

a$.$ What is the return expected on this investment measured in dollar terms if the opportunity cost $($cost of capital$)$ is $8\mathrm{.}00\%.$

b$.$ What is the return on this investment measured in percentage terms? $($round to two decimal places$).$

c$.$ Is the investment profitable? Explain your answer.