Question: Strip Mining Inc. can develop a new mine at an initial cost of $10 million. The mine will provide a cash ow of $33 million

Strip Mining Inc. can develop a new mine at an initial cost of $10 million. The mine will provide a cash ow of $33 million in 1 year. The land then must be reclaimed at a cost of $33 million in the second year. a. What are the lRRs 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.) b. Should the firm develop the mine if the discount rate is 29%? 39%?130%?170%? (Negative amounts should be Indicated by a minus sign. Do not round intermediate calculations. Enter your answers in millions rounded to 3 decimal places.) u\" m_ mm m_ m_

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