CALCULATOR MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION (BACK NEXT Exercise 12-8 (Video) Pierre's Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $271,000. A new salon will normally generate annual revenues of $64,015, with annual expenses (including depreciation) of $41,200. At the end of 15 years the salon will have a salvage value of $80,000. Calculate the annual rate of return on the project. Annual rate of return Click if you would like to show Work for this question: Open Show Work Question Attempts: Unlimited