1. You are considering building a hotel in northern Alaska. Your plan is to build the hotel and then sell it. You've been offered an immediate planning grant of $500,000 from the Alaskan Tourist Authority, and you estimate that to complete the hotel you'll need to make an investment next year of $1,700,000. Once built, you think you can sell the hotel at the end of year 2 for $1,400,000, so that your cash flow pattern looks like the following. 1 2 3 4 A B ALASKAN HOTEL PROJECT Year Cash flow 0 500,000 1 -1,700,000 2 1,400,000 5 a. Identify the two IRRs of this project. b. If the discount rate is 28%, should you undertake the project