d. No. 5 You are deciding between two mutually exclusive projects. Both require the same initial investment of $10mn. Investment A will generate $2mn per year starting at the end of the first year in perpetuity. Investment B will generate $1.5mn at the end of the first year and its revenues will grow at 2% per year for every year after that. Which investment has the highest IRR? Which investment has the higher NPV when the cost of capital is 7%? In this case when does picking the higher IRR give the correct answer as to which investment is the best annortunity 15 markal