Star Mining Co. is considering reopening one of its old silver mines. New extraction techniques will allow the company to mine a one-year production of silver worth $3 million in after-tax profit at the end of year 1. However, in the second year of operation, the cost of returning the mine to the natural condition mandated by law will cost $1 million at the end of year 2 . Opening and preparing the mine will cost $1 million at time t=0. The discount rate is 8%. The NPV of the reopened mins is . (Input your answers in millions without the \$ sign and rounded to two decimal points.) The IRR of the reopened mine is . (Input your answer in percent but without the percent sign and rounded to two decimal points.)