The Ulmer Uranium Company is deciding whether or not it should open a strip mine whose net cost is $4.4 million. Net cash inflows are expected to be $27.7 million, all coming at the end of Year 1. The land must be returned to its natural state at a cost of $25 million, payable at the end of Year 2.

1. Plot the project's NPV profile.

2. Should the project be accepted if r = 7%? -Select-YesNoItem 2 Should the project be accepted if r = 16%? -Select-YesNoItem 3
3. What is the project's MIRR at r = 7%? Round your answer to two decimal places. % What is the project's MIRR at r = 16%? Round your answer to two decimal places. % Calculate the two projects' NPVs. Round your answers to the nearest cent.

   Project 1 $ Project 2 $

   Does the MIRR method lead to the same accept-reject decision as the NPV method?