You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of $9.6 . Investment A will generate $1.93 million per year (starting at the end of the first year) in perpetuity. Investment B will generate $1.48 million at the end of the first year, and its revenues will grow 2.5% 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 7.6% ? c. In this case, when does picking the higher IRR give the correct answer as to which investment is the best opportunity?