Holding period and annual investment) returns. Bohenick Classic Automobiles restores and rebuilds old classic cars. The company purchased and restored a classic 1957 Thunderbird convertible 5 years ago for $7,700.00. Today at auction, the car sold for $53,900.00. What are the holding period return and the annual return on this investment? What is the holding period return of the car? % (Round to two decimal places.) Comparison of returns. WG Investors is looking at three different investment opportunities. Investment one is a five-year investment with a cost of $770 and a promised payout of $1,540 at maturity. Investment two is a seven-year investment with a cost of $770 and a promised payout of $2,002. Investment three is a ten-year investment with a cost of $770 and a promised payout of $3,465. WG Investors can take on only one of the three investments. Assuming that all three investment opportunities have the same level of risk, calculate the effective annual return for each investment, and select the best investment choice. What is the effective annual return for investment one, a five-year investment with a cost of $770 and a promised payout of $1,540 at maturity? % (Round to two decimal places.)