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Two mutually exclusive investment opportunities require an initial investment of $ 6 million. Investment A pays $ 1 . 7 million per year in perpetuity,

Two mutually exclusive investment opportunities require an initial investment of $6 million. Investment A pays $1.7 million per year in perpetuity, while investment B pays $1.2 million in the first year, with cash flows increasing by 3% per year after that. At what cost of capital would an investor regard both opportunities as being equivalent?
A.5%
B.10%
C.3%
D.11%
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