There are two mutually exclusive investment opportunities. The
initial investment for both projects are $100,000. The first
investment will generate $20,000 per year in perpetuity. The second
project is expected to generate $15,000 for the first year and the
amount will grow at 2% per year after that. The first cash flow for
both investments start at the end of the first year. a. Calculate
the internal rate of return for both investments. b. Assume the
cost of capital is...