Charlie Nader is one of 5 limited partners in Windows and Doors. Each limited partner contributed $100,000 five years ago when the business began. During the current year, Windows and Doors generated pre-tax profits of $500,000. The only general partner, Reese Amano, receives 55% of the company's profits. Both Charlie and Reese are subject to a 49% marginal personal tax rate. Calculate Charlie's after-tax rate of return on the partnership investment. (Round intermediate and final answers to two nearest whole dollar)
A) $22,950
B) $28,050
C) $31,950
D) $38,550