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You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of 59.7 million Investment A will generate 31.86 million per

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You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of 59.7 million Investment A will generate 31.86 million per year (starting at the end of the first year) in perpetuity Investment B wil generate 5155 milion at the end of the first year and its revenues will grow at 23% per year for every year after that a. Which investment has the higher IRRY b. Which investment has the higher NPV when the cost of capital is 6.1%? c. In this case, when does picking the higher IRR give the correct answer as to which investment is the best opportunity? a. Which investment has the higher IRR? The IRR of investment Ais (Round to two decimal places

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