A bank signed a one-year loan commitment worth $2 million with an upfront fee of 25 basis points. The backend fee for the unused portion of the agreement is 10 basis points. The bank requires a 5% compensation account as a demand account. The bank's cost of capital is 6 percent and the lending rate is 10 percent. The reserve ratio for demand deposits is 8 percent. Customers are expected to use 80% of the loan.

(1). Without considering future value --the interest rate and fee income of the total loan fund, what is the expected return on the loan?

（2）. If the future value includes the calculated future value of use, what is the expected rate of return?