CI myCI - CSU Channe... McGraw-Hill Connect Question 1 - Chapt... counted Cash... Saved Help Save & Exit Submit Calculating rates of return - Excel FORMULAS DATA REVIEW HOME INSERT PAGE LAYOUT VIEW Calibri - 11 A A BIU- Cells Alignment Number Conditional Format as Cell Formatting Table Styles Styles Font 1 f B D E F G H Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sotheby's sold the Edgar Degas bronze sculpture Petite Danseuse de Quatorze Ans at auction for a price of $10,311,500 Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12,377,500. What was his annual rate of return on this sculpture? Beginning year Ending year Present value Future value 1999 2003 $ 12,377,500 $ 10,311,500 Complete the following analysis. Do not hard code values in your calculatic Annual interest rate Sheet1