Please show the correct Excel Formula and whether or not to build the strip mine

The Ulmer Uranium Company is deciding whether or not it should open a strip mine, the net cost of which is $5 million. Net cash inflows are expected to be $30 million, all coming at the end of Year 1. The land must be returned to its natural state at a cost of $25 million, payable at the end of Year 2. What is the projects Modified IRR given the discount rate below? Should Ulmer open the strip mine?
	CF0	($5,000,000)
	CF1	$30,000,000
	CF2	($25,000,000)
	Discount Rate	7.00%
	Use the scratchpad to show your work in Excel.
	Type your numercial answer into the yellow cell below.
	Answers should be to two decimal places, e.g. 1.23% or $123.45.
	Modified IRR	9.37%
	Build the Strip Mine? (Y or N)	Y