Sue Falls Is the President of Sports,Inc

Sue Falls is the president of Sports,Inc.She is considering buying a new machine that would cost $14,125.Sue has determined that the new machine promises an internal rate of return of 12%,but Sue has misplaced the paper that gives the annual cost savings promised by the new machine.She does remember that the machine has a projected life of ten years.Based on these data,what are the annual cost savings? (Ignore income taxes in this problem.)

A) It is impossible to determine from the data given.
B) $1,412.50.
C) $1,695.00.
D) $2,500.00.