Which of the following is the approximate internal rate of return for an investment that costs $$61,775$ and provides a $$8,000$ annuity for $10$ years? $($PV of $$1$ and PVA of $$1).$

Note: Use appropriate factor$($s$)$ from the tables provided.

Multiple Choice

$3\%$

$7\%$

$2\%$

$5\%$