The Following Information Concerns a Proposed Investment $\begin{array}{|l|r|}\hline \text { Investment Required } & \$ 14,150 \\\hline \text { Annual Savings } & \$ 2,500 \\\hline\end{array}$

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

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