1996 calculatians. Raund your answers to twa decimal plases. NPV: $ IRR: calculatians. Raund your answers to twa dedinal placess. NPV: $ IRR: b. How should the environmental effects be dealt with when evaluating this project? I. The environmental effects should be ignored since the plant is legal without mitigation. II. The environmental effects should ba treated as a sunk cost and therefore ignored. environmental effects have been considered in the original analysis. ru. The environmental effects should ba treated as a remate possibility and should only be considared at the time in which they actually occur. c. Should this project be undertaken? I. The project should be undertaken only under the "mitigation" assumption. II. The project should be undertaken since the IRR is positive under both the "mitigation " and "no mitigation" assumptions. III. The project should be undortaken since the NPV is positive under bath the "mitigstion" and "no mitigation' assumptions. IV. Everi when no mitigation is considered the project has a negative NFV, so it should not be undertaken. undertaking the project withaut concem for the enviranmontal impacts