Two mutually exclusive Investment opportunities require an initial investment of $6 million Investment Athen generates $1.60 million per year in perpetuity, while investment pays $1.50 million in the first year, with cash flows increasing by 5% per year after that. At what cost of capital would an investor regard both opportunities as being equivalent? QA 88% OB. 40% C. 20% OD. 80% mp of