Pilar can buy a Monet for $7,200,000 today. She believes that the masterpiece can be sold in 9 years for $19,600,000. What is the annual rate of return that Pilar expects to earn on this art investment?

a. 11.77% (plus or minus .02 percentage points)

b. 172.22% (plus or minus .02 percentage points)

c. 19.14% (plus or minus .02 percentage points)

d. 30.25% (plus or minus .02 percentage points)

e. None of the above is within .02 percentage points of the correct answer