Two mutually exclusive investment opportunities require an initial investment of $8 million. Investment A then generates $1.50 million per year in perpetuity, while investment B pays $1.30 million in...

Extracted text: Two mutually exclusive investment opportunities require an initial investment of $8 million. Investment A then generates $1.50 million per year in perpetuity, while investment B pays $1.30 million in the first year, with cash flows increasing by 3% per year after that. At what cost of capital would an investor regard both opportunities as being equivalent? O A. 23% О В. 11% О с. 6% O D. 25%