Two mutually exclusive investment opportunities require an initial investment of $6 million, Investment Athen generates $1.60 million per year in perpetuity, while Investment B pays $1.40 million in the first year, with cash flows increasing by 4% per year after that. At what cost of capital would an investor regard both opportunities as being equivalent? GELE A. 8% OB. 35% O G. 32% OD 16% ve uns