Assuming a 1-year, money market account investment at 4.38 percent (APY), a 2.91% inflation rate, a 28 percent marginal tax bracket, and a constant $50, 000 balance, calculate the after-tax rate of return, the real return and the total monetary return. What are the implications of this result for cash management decisions. Assuming a 1-year, money market account investment at 4.38 percent (APY), a 2.91% inflation rate, a 28 percent marginal tax bracket, and a constant $50, 000 balance, calculate the after-tax rate of return, the real return and the total monetary return. What are the implications of this result for cash management decisions?

Question - Assuming a 1-year, money market account investment at 4.38 percent (APY), a 28 percent marginal tax bracket, and a constant $50, 000 balance the after-tax rate of return is %. (Round to two decimal places.)