The Following Information Concerns a Proposed Investment What Is the Internal Rate of Return? (Ignore Income Taxes

The following information concerns a proposed investment: $\begin{array}{l}\begin{array}{l}\text { Investment Required } \\\text { Annual Savings } \\\text { Life of the Project }\end{array}\begin{array}{r}\$ 14,150 \\\$ 2,500 \\12 \text { years }\end{array}\end{array}$ What is the internal rate of return? (Ignore income taxes in this problem.)

A) 5%.
B) 10%.
C) 12%.
D) 14%.