You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of $ 10 million. Investment A will generate $ 2.3 million per year? (starting at the end of the first? year) in perpetuity. Investment B will generate $ 1.6 million at the end of the first? year, and its revenues will grow at 4.5 % per year for every year after that. Use the incremental IRR rule to correctly choose between investments A and B when the cost of capital is 6.1 %.

The incremental IRR is______

You should take ___________