Strip Mining Inc. can develop a new mine at an initial cost of $9 million. The mine will provide a cash flow of $34 million in 1 year. The land then must be reclaimed at a cost of $30 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 IRR 2 % b. Should the firm develop the mine if the discount rate is 35%? 45%? 120%? 160%? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers in millions rounded to 3 decimal places.) NPV Develop? million Discount Rate 35% 45% 120% 160% million million million