Strip Mining Inc. can develop a new mine at an initial cost of $5 million. The mine will provide a cash flow of $30 million in year 1 . The land then must be reclaimed at a cost of $28 million in the second year. At which of the following cost of capital's should the company develop the mine? 10% A proposed nuclear power plant will cost $945 million and then produce cash inflows of $116 million per year for 14 years. What is the NPV of the project assuming a 8.1 percent required rate of return? Your Answer: Answer Question 9 (2 points) A firm evaluates all of its projects by applying the IRR rule. If the required return is 18 percent, will the firm accept the following project? CFO=$30,000CO1=$20,000CO2=$14,000CO3=$11,000 Yes