Suppose your firm is planning to undertake a mining project. The initial investment is $46 million, for the next two years the firm expects cash flows of $46 million and $47 million respectively. It will then cost the firm $17 million a year for the next three years to restore the mine site back to its original state. How many IRRs does this investment have and what are they? Number of IRRs=1;IRR=12.10% Number of IRRs =2; IRR 1=12.10%;IRR2=21.48% Number of IRRs =2; IRR1 =8.36%; IRR 2=20.20% Number of IRRs =1;IRR=21.48%