Problem 12-19 Multiple Rates of Return

The Ulmer Uranium Company is deciding whether or not to open a strip mine whose net cost is $4.4 million. Net cash inflows are expected to be $27.7 million, all coming at the end of Year 1. The land must be returned to its natural state at a cost of $25 million, payable at the end of Year 2.

A) What is the project's MIRR at r = 9%? Round your answer to two decimal places. _____% What is the project's MIRR at r = 14%? Round your answer to two decimal places. _____ % Calculate the two projects' NPVs. Round your answers to the nearest cent. Enter your answers in dollars. For ex: 1.2 million should be entered as 1,200,000. Enter negative answers with minus sign.

Project 1 $ ______ Project 2 $ _______

B)