What rate of return would the company earn on their, Financial Management

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What rate of return would the company earn on their

The Landstar Development Company is planning to buy land for $1100. What rate of return would the company earn on their investment if they believe that they could sell the land in 5 years from now for $1600?

R=___%

Provide your answer in percentage form, meaning that an answer of eight point seven five percent would be entered as 8.75 and not .0875. Do not include a percent sign in your answer.

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