P5-14 Calculating Rates of Return (L03) Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2016, a sculpture was sold at auction for a price of $10,314,500. Unfortunately for the previous owner, he had purchased it in 2012 at a price of $12,368,500. What was his annual rate of return on this sculpture? Multiple Choice -3.99% -5.02% 4.64% -3.99% O -5.02% 4.64% -4.44% -3.77%