Carla Vista's Hair Salon is considering opening a new location in French Lick, Callifornia. The cost of buinding a new salon is 5260000 . A new salon will normally generate annual revenues of $56,800, with annual expenses (including depreciation) of $40,100. At the end of 15 years, the salon will have a saivage value of $74,000. Calculate the annual rate of return on the project. Annual rate of return