Strip Mining Incorporated can develop a new mine at an initial cost of $16 million. The mine will provide a cash flow of $42 million in 1 year. The land then must be reclaimed at a cost of $27 million in the second year. a. What are the IRRS of this project? Note: 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 7%?, or 17%?, or 40%?, or 80%? Note: 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 NPV Develop? 7% million 17% million 40% million 80% million