Strip Mining Inc. can develop a new mine at an initial cost of $8 million. The mine will provide a cash flow of $33 million in 1 year. The land then must be reclaimed at a cost of $31 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.) RR 1 IRR 2 b. Should the firm develop the mine if the discount rate is 40%? 50%? 150%2190%? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers in millions rounded to 3 decimal places.) Discount Rate 40% 50% 150% 190% NPV Develop? million million million million