You are thinking about purchasing some vacant land. You expect to be able to sell the land ten years from now for $1,800,000. What is the expected (annualized) return on this investment over the 10-year holding period if you purchase the land for $250,000? (Provide your answer in percentage with two decimals, but you don't have to put %. For example, please provide 12.34 as your answer if your answer is 12.34%)

You are thinking about purchasing some vacant land. You expect to be able to sell the land ten years from now for $1,800,000. What is the expected (annualized) return on this investment over the 10 -year holding period if you purchase the land for $250,000 ? (Provide your answer in percentage with two decimals, but you don't have to put \%. For example. please provide 12.34 as your answer if your answer is 12.34% )