Assume that you own an annuity that will pay you $28,000 per year for 10 years, with the first payment being made today. You need money today to open a new restaurant, and your uncle offers to give you $175,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment?

Group of answer choices

12.39%

none of the answers is correct

14.15%

14.58%

7.07%