The City of Marietta is about to run a lottery but does not want to be involved in the payoff if the winner picks an annuity instead of a lumpsum. The Marietta City Council decides to contract with a local bank to pay the annual payments if that is what the winner prefers. The winner of the lottery will either receive $250,000 a year for the next fifteen years or a $1,300,000 lumpsum. Suppose the winner chooses the annuity. What investment rate must the bank earn to break-even on this arrangement if they receive the $1,300,000 lumpsum payment from the City to make the $250,000 a year payment to the lottery winner for the next fifteen years? A) 5.562% B) 17.524% C) 0.1752% D) 11.935% E) 0.11935%