Question: A mining company is deciding whether to open a strip mine with an initial outlay at t = 0 of $1.5 million. Cash inflows of

A mining company is deciding whether to open a strip mine with an initial outlay at t = 0 of $1.5 million. Cash inflows of $12.5 million would occur at the end of Year 1. The land must be returned to its natural state so there is a cash outflow of $12.5 million, payable at the end of Year 2.

1. What is the project's MIRR at WACC = 10%? Do not round intermediate calculations. Round your answer to two decimal places.

___%

2. What is the project's MIRR at WACC = 20%? Do not round intermediate calculations. Round your answer to two decimal places.

___%

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