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 $262,000. A new salon will normally generate annual revenues of $64,160, with annual expenses (including depreciation) of $40,500. At the end of 15 years the salon will have a salvage value of $76,000. Calculate the annual rate of return on the project. Annual rate of return % Save for Later Attempts: 0 of 3 used Submit