You are considering investing in a new gold mine in South Africa Gold in South Africa is buried very deep so the mine will require an initial investment of $2G5 million Once this investment is made the mine is expected to produce revenues of $30 million per year for the next 20 years It will cost $8.9 million per year to operate the mine After 20 years, the gold will be depleted The mine must then be stabilized on an ongoing basis, which will cost $4.8 million per year in perpetuity. Calculate the IRR of this investment The IRR of this Investment is: (Select the best choice below.) A. There are multiple IRRs. B. The IRR is infinite as a result of the perpetuity. C. The IRR is about 10 2%. D. No positive IRR exists since the NPV, calculated as a function of various discount rates, never equals or exceeds zero