Strip Mining Inc. can develop a new mine at an initial cost of $6 million. The mine will provide a cash flow of $31 million in 1 year. The land then must be reclaimed at a cost of $29 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.) IRR 1 23.00 % 294.00% IRR2 b. Should the firm develop the mine if the discount rate is 18%? 28%? 280%? 320%? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers in millions rounded to 3 decimal places.) Discount Rate 18% 28% Develop? INO NPV 0.471 million million million 280% 320% million