The L-S Mining Company is planning to open a new strip mine in western Pennsylvania. The net investment required to open the mine is $12 million. Net cash flows are expected to be +$23 million at the end of year 1 and +$ 4 million at the end of year 2. At the end of year 3, L-S will have a net cash outflow of $16 million to cover the cost of closing the mine and reclaiming the land. Use Table II to answer the questions. a. Calculate the net present value of the strip mine if the cost of capital is 2, 5, 7, 53, 60, and 76 percent. Enter your answers in millions. For example, an answer of $1.20 million should be entered as 1.20, not 1,200,000. Round your answers to two decimal places. NPV k 2% $ million 5% $ million 7% $ million 53% $ million 60% $ million 76% $ million b. What is unique about this project? The NPV is negative at discount rates between -Select- % and -Select- %, positive from -Select- % to -Select- % and negative beyond -Select- %. C. Should the project be accepted if L-S's cost of capital is 5 percent? If L-S's cost of capital is 5%, the project is -Select- Calculate the net present value of the strip mine if the cost of capital is 30 percent. million $ Should the project be accepted if L-S's cost of capital is 30 percent? If L-S's cost of capital is 30%, the project is -Select