Your Uncle Has $300,000 Invested at 7

Multiple Choice

Your uncle has $300,000 invested at 7.5%,and he now wants to retire.He wants to withdraw $35,000 at the beginning of each year,beginning immediately.He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account.For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end?

A) 11.98
B) 12.61
C) 13.27
D) 14.63