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Question 20 1 pts Suppose your firm is planning to undertake a mining project. The initial investment is $46 million, for the next two years

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Question 20 1 pts Suppose your firm is planning to undertake a mining project. The initial investment is $46 million, for the next two years the firm expects cash flows of $46 million and $47 million respectively. It will then cost the firm $17 million a year for the next three years to restore the mine site back to its original state. How many IRRs does this investment have and what are they? Number of IRRs = 1; IRR = 12.10% Number of IRRs = 2; IRR 1 = 12.10%; IRR 2 = 21.48% O Number of IRRs = 2; IRR1 = 8.36%; IRR 2 = 20.20% Number of IRRs = 1; IRR = 21.48% Question 21 1 pts Given the following end of year cash flows (CF) estimate the internal rate of return (IRR) of this project. If the project's cost of capital is 30%, would you undertake this project? Timeline 0 1 2 3 4 CF 0 900 900 900 -4.000 Yes No

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