A Brazilian employer offers its employees a choice between taking a lump-sum distribution of pension or a pension annuity for 25 years when they retire. The choice for one employee is between accepting an immediate lump-sum payment of \(\mathrm{R} \$ 750,000\) or a \(\mathrm{R} \$ 60,000\) annuity. What is the break-even personal discount rate at which the employee would be indifferent between the two options? Would the employee take the lump-sum payment if the discount rate was 5\%?