You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of $10.3 million. Investment A will generate $1.81 million per year (starting at the end of the first year) in perpetuity. Investment B will generate $1.54 million at the end of the first year and its revenues will grow at 2.1% per year for every year after that. (a) Which investment has the higher IRR? (b) Which investment has the higher NPV when the cost of capital is 6.3% (c) In this case, for what values of the cost of capital does picking the higher IRR give the correct answer as to which investment is the best opportunity?