Assume a 0.65 acre residential site in the Killearn Estates subdivision was purchased at the beginning of 1997 for $5,000. The market value was estimated to be $60,000 at the end of 2021. Ignoring property taxes and any other holding costs associated with the site, what was the annually compounded return on the property investment? (Assume a 24-year holding period). 10.40 percent 10.91 percent 13.09 percent 8.67 percent