Oriole's Hair Salon is considering opening a new location in French Lick, California. The cost of building a new saion is 5317.000 . A new salon will normally generate annual revenues of $59,550, with annual expenses (including depreciation) of $39.900. At the tnd 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 %