You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of $ 9.7 million. Investment A will generate $ 2.12 million per year(starting at the end of the firstyear) in perpetuity. Investment B will generate $ 1.41 million at the end of the firstyear, and its revenues will grow at 2.5 %per year for every year after that.

What is the IRR(%) of investment A and B ?