perpetuity. Investment B will generate $1.52 million at the end of the first year, and its revenues will grow at 2.7% 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 5.4% ? 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