Investment X and Investment Y are both growing perpetuities with initial cash flow of $100. Both investments have the same interest rate (r) and cash flows. The present value of Investment X is $5,000, while the present value of Investment Y is $4,000. Which of the following is true? A. Investment X has a higher growth rate than Investment Y. B. Investment X has a lower growth rate than Investment Y. C. The answer cannot be determined without knowing the interest rate for both investments. OD. With the same initial cash flow and the same interest rate, Investment X and Investment Y should have the same present value. A vintner is deciding when to release a vintage of sauvignon blanc. If it is bottled and released now, the wine will be worth $2.6 million. If it is barrel aged for a further year, it will be worth 20% more, though there will be additional costs of $780,000 incurred at the end of the year. If the interest rate is 7%, what is the present value of the difference in the benefit the vintner will realize if he releases the wine after barrel aging it for one year or if he releases the wine now? A. He will earn $364,000 more if he releases the wine now. B. He will earn $2,600,000 less if he releases the wine now. C. He will earn $413,084 more if he releases the wine now. D. He will earn $260,000 less if he releases the wine now