9 Chapter 8 0 Savnet Help Save & Exit 2 Check my Strip Mining Inc. can develop a new mine at an initial cost of $15 million The mine will provide a cash flow of $42 million in 1 year. The land then must be reclaimed at a cost of $28 million in the second year. a. What are the IRRs of this project? (Enter your answers in ascending order. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) IRR 1 IRR2 % % ces b. Should the firm develop the mine if the discount rate is 4% 14% 60%? 100%? (Negotive amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers in millions rounded to 3 decimal places.) Develop? Discount Rate 4% 14% 60% 100% NPV million million million million Preu 2 * Naut