4:347 AA education.wiley.com + Chapter 25 homework 5 of 7 -/ 25 . View Policies Current Attempt in Progress Pierre's Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $271,000. A new salon will normally generate annual revenues of $64,015, with annual expenses (including depreciation) of $41,200. At the end of 15 years the salon will have a salvage value of $80,000. Calculate the annual rate of return on the project. Annual rate of return Save for Later Attempts: 0 of 7 used Submit Answer