Question: . Suppose we have a strip-mining project that costs $5,000 initially. Our cash flow in the first year will be $10,000. In the second year,

. Suppose we have a strip-mining project that costs $5,000 initially. Our cash flow in the first year will be $10,000. In the second year, the mine will be depleted, and we have to spend $8,000 to restore the terrain. The required return is 10%. Should you use IRR rule or NPV to make decisions? Should this project be accepted? (Hint: nonconventional cash flows

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