Your company has been presented with an opportunity to invest in a project. The facts on the project are as follows: Investment Required is $60,000,000. Annual Gross Income is $14,000,000. Annual Operating cost is $5,500,000. Salvage Value after 10 years is 0. The project is expected to operate for ten years. If your management expects to make 10% on its investments before taxes, what is the IRR? A. 6.9% B. 12.84% C. 10.47% D. 8.7%