The Eternal Gift Insurance Company is offering you a policy that will pay you and your heirs $30,000 per year forever at the end of each year. The $30,000 payment will grow forever by 1% per year. The cost of the policy is $378,900. What is the annual rate of return on this policy?

A) 8.92%

B) 7.92%

C) 6.92%

D) 5.92%

Show your work please