A mining operation is expected to cost $15 million and last 12 years. In years 1-10, $6 million per year will be generated. It will take 2 subsequent years to conduct environmental recovery efforts expected to cost $3.5 million per year. If the discount rate is 22%, should the operation be undertaken. Provide IRR if the assumptions hold, otherwise provide the NPV. Question 21 1 pts Should the mining operation in the previous problem be undertaken? Yes, the NPV and IRR rules both indicate acceptance. Yes, the NPV rule indicates acceptance. Yes, the IRR decision rule indicates acceptance, No, the NPV and IRR rules both indicate rejection No, the NPV rule indicates rejection No, the IRR rule indicates rejection Question 22 1 pts Two boys we competing with one another to use the spare nook off their parents' kitchen to house their business. Their father sets things up as a friendly competition, declaring only the best business model will be allocated the space. The younger boy is a computer whiz and wants the space for a server for a social media website he maintains. The elder boy wants to use the space to produce his custom painted miniature figures which he sells online. The discount rate for both projects is 10% and the cash flows for the two projects are below. Year ----- --------------------------| Social media website -75K 24K 276 43K 3K Painted mini figures -500 215 225 250 What is the NPV of for the social media website business