Two mutually exclusive investment opportunities require an initial investment of $8 million. Investment A then generates $1.90 million per year in perpetuity, while investment B pays $1.10 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? OA. 13% B. 3% . 6% D. 1296 Click to select your answer 2