how was an IRR of 14.61 derived in the multiple choice?

gnment P Do Homework - Vladimir Vincent - Google Chrome - X "mathxl.com/Student/PlayerHomework.aspx?homeworkld=572544647 &questionld=3&flushed=false&cld=61357618 centerwin=yes rtuniti MBA 808 Essentials of Financial Management Vladimir Vincent & | 10/02/20 1:31 AM Homework: Chapter 7 Homework Save Score: 0 of 1 pt 5 of 6 (5 complete) HW Score: 48.81%, 2.93 of 6 pts X P7-23 (similar to) Question Help You Help Me Solve This X vill gene and i a. WI b. W Question Help c. In You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of $10.5 million. ity? a. WI Investment A will generate $1.87 million per year (starting at the end of the first year) in perpetuity. Investment B will generate $1.55 $ million at the end of the first year, and its revenues will grow at 2.5% per year for every year after that. The a. Which investment has the higher IRR? b. Which investment has the higher NPV when the cost of capital is 5.1%? c. In this case, for what values of the cost of capital does picking the higher IRR give the correct answer as to which investment is the best opportunity? c. In this case, for what values of the cost of capital does picking the higher IRR give the correct answer as to which investment is the best opportunity? (Select the best answer below.) O A. The IRR rule will give the correct answer for discount rates less than 14.61%. O B. The IRR rule will give the correct answer for discount rates greater than 17% but less than 18%.. C. The IRR rule will give the correct answer for discount rates greater than 14.61% but less than 18%.. O D. The IRR rule will give the correct answer for discount rates greater than 18% Enter Question is complete. ? All parts showing Close pa remaining