A private equity $($PE$)$ firm injects $$25$ mil. to a target firm $($TargetCo$.)$ and over the next five years receives $$4$ mil. cash dividends each year. At the end of the fifth year, the PE firm exits its investment by selling $100\%$ of its shares in TargetCo at $$34$ mil. What is the annualized IRR for the PE firm?

A$.21\mathrm{.}75$

B$.18\mathrm{.}75$

C$.19\mathrm{.}25$

D$.22\mathrm{.}75$

E$.20$

A private equity $($PE$)$ firm injects $$25$ mil. to a target firm $($TargetCo$.)$ and over the next five years receives $$4$ mil. cash dividends each year. At the end of the fifth year, the PE firm exits its investment by selling $100\%$ of its shares in TargetCo at $$34$ mil. What is the multiple on invested capital $($MOIC$)$ for the PE firm?

A$.3\mathrm{.}25$

B$.2\mathrm{.}75$

C$.1\mathrm{.}75$

D$.3$

E$.2$