Lee recently received $200,000 in cash and would like to invest it in the stock market. He decides to borrow $50,000 more in the market at 5% and then invest the entire $250,000 into a single nondividend-paying stock with an expected return of 12%. After one year, the stock has declined by 13%. Calculate Lee's annual effective return for the year. A - 39.3% B -25.5% -17.5% D - 10.0% E -12.5%