The Ulmer Uranium Company is deciding whether or not to open a strip mine whose net cost is $$4\mathrm{.}4$ million. Net cash inflows are expected to be $$27\mathrm{.}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 $2.$

Select the correct graph for the project's NPV profile.

The correct graph is

$-$Select$-$

$.$

Should the project be accepted if r $=6\%?$ Explain your reasoning.

The project

should not

be accepted because NPV is

negative

$.$

Should the project be accepted if r $=12\%?$ Explain your reasoning.

The project

should

be accepted because NPV is

positive

$.$

What is the project's MIRR at r $=6\%?$ Do not round intermediate calculations. Round your answer to two decimal places.

$4\mathrm{.}96$

$\%$

What is the project's MIRR at r $=12\%?$ Do not round intermediate calculations. Round your answer to two decimal places.

$12\mathrm{.}91$

$\%$

Calculate the two projects' NPVs$.$ Do not round intermediate calculations. Round your answers to the nearest dollar. Use a minus sign to enter negative values, if any.

NPV at r $=6\%$: $

NPV at r $=12\%$: $

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

The MIRR method

$-$Select$-$

to the same accept$-$reject decision as the NPV method.