A building with a purchase price of $20,000,000 is expected to generate an NOI of $1,750,000 for each of the next five years and can be resold at the end of the fifth year for $21,000,000. The purchase will be financed by a $12,000,000 interest only loan with yearly payments of $720,000. What is the levered IRR of the investment? Select one: a. 12.8% b. 11.7% c. 13.9% d. 14.7% e. 14.2%