You deposited $610,000 into an investment earning a 11.5% return, compounding annually. When you sold your investment, you received $1,051,246 in cash. If you wanted to receive $1,300,000 cash from selling your investment, how much longer must you wait?

Select one:

a. 2.17 years

b. 2.23 years

c. 1.95 years

d. 2.12 years

e. 2.00 years