Assume that you own an annuity that will pay you $20,000 per year for 12 years, with the first payment being made today. You need money today to start a new business, and your uncle offers to give you $156,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment? O a 12.82% O b. 9.0296 O c.7.7196 O d. 18.6796 O e. 7.34%