1. The initial investment is $52,133 and the salvage value is $10,000. The project is expected to generate $25,087 net cash inflows and the annual net income is $5,072. State the annual rate of return...

1. The initial investment is $52,133 and the salvage value is $10,000. The project is expected to generate $25,087 net cash inflows and the annual net income is $5,072. State the annual rate of return in decimal form to two decimal places. (For example, if you calculate 16%, then state your answer as .16)