Which of the following two investment opportunities is preferred if you have a discount rate of 14%, and why? Investment A: Costs 405 SEK today and provides a positive cash flow of 80 SEK per year forever. Investment B: Costs 582 SEK today and provides a positive cash flow of 97 SEK per year forever.

(Answers are rounded to integers) a) Both investments are equally good b) Investment B is preferred because it has the highest NPV of 111 c) Investment A is preferred because it has the lowest initial cost of 405. d) Investment B is preferred because it has a higher annual cash flow of 97. e) Investment A is preferred because it has an NPV of 166