Driscoll Supply invested $$37,000$ per year into a project for the past seven years. Today, the project was sold for a net of $$382,000.$ What is the annual rate of return, ignoring taxes?

Multiple Choice

$8\mathrm{.}87\%$

$1\mathrm{.}82\%$

$1\mathrm{.}27\%$

$12\mathrm{.}75\%$

$5\mathrm{.}65\%$