You are considering an investment opportunity that requires an initial investment of $150 million in period 0. Starting in one year, it will generate $12 million per year in perpetuity (i.e. every year forever). The cost of capital is 7%. What is the IRR for the project?

O A. 21.4% O B. 8% O C. 16% O D. 6% O E. 15% O F. 7% O G. 13%