You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of $ 10.5 million. Investment A will generate $ 1.83 million per year? (starting at the end of the first? year) in perpetuity. Investment B will generate $ 1.53 million at the end of the first? year, and its revenues will grow at 2.5 % per year for every year after that. a. Which investment has the higher IRR ? b. Which investment has the higher NPV when the cost of capital is 6.4 %? c. In this? case, when does picking the higher IRR give the correct answer as to which investment is the best? opportunity?