Denise just won a $48,000,000 lottery in Washington. Instead of receiving a lump sum, she found that she would receive $1,600,000 annually (end of year) for 30 years. Denise is 55 years old and wants her money now. She has been offered $23,937,093 to sell her ticket. What rate of return is the buyer expecting to make if Denise accepts the offer?

2.56%

3.27%

5.24%

7.63%