Pierre's Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $275,000. A new salon will normally generate annual revenues of $60,640, with annual expenses (including depreciation) of $39,400. At the end of 15 years the salon will have a salvage value of $79,000. Calculate the annual rate of return on the project. Annual rate of return Viera Corporation is considering investing in a new facility. The estimated cost of the facility is $1,768,153. It will be used for 12 years, then sold for $714,400. The facility will generate annual cash inflows of $381,800 and will need new annual cash outflows of $155,800. The company has a required rate of return of 7%. Click here to view PV table. Calculate the internal rate of return on this project. (Round answer to 0 decimal place, e.g. 13%.) Internal rate of return is Whether the project should be accepted. The project be accepted