You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of $15 million.

Investment A will generate $1.4 million per year (starting at the end of the first year) in perpetuity.

Investment B will generate $1 million at the end of the first year and its revenues will grow at 1% per year for every year after that.

What are the NPVs of these two in-vestment opportunities, respectively, when the cost of capital is 8%?