Strip Mining Inc. can develop a new mine at an initial cost of $12 million. The mine will provide a cash flow of $40 million in 1 year. The land then must be reclaimed at a cost of $31 million in the second year

a.

What are the IRRs of this project? (Enter your answers in ascending order. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Should the firm develop the mine if the discount rate is 18%? 28%? 100%? 140%? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers in millions rounded to 3 decimal places.)