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You are deciding between two mutually exclusive investment opportunties. Both require the same initial imvestment of $10.1 million. Investment A will generate $1.91 milion per

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You are deciding between two mutually exclusive investment opportunties. Both require the same initial imvestment of $10.1 million. Investment A will generate $1.91 milion per year (dtarting at the end of the first year) in perpetuty investinent B will generate $1.45 milion at the end of the fint yeat, and it revenues wil grow at 2.2% per year for every year aher that a. Which investment has the highor IRR? b. Which investment has the higher NPV when the cost of captal is 7.2% ? c. In this case, when does piching the higher ifR give the correct answer as to which investment is the best opportunit? a. Wrich investront has the higher IRR? The IRR of investenen A is \&. (Round to two decinal places.)

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