The land then must be reclaimed at a cost of 29 million in, Financial Management

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The land then must be reclaimed at a cost of 29 million in

Strip Mining Inc. can develop a new mine at an initial cost of $11 million. The mine will provide a cash flow of $39 million in 1 year. The land then must be reclaimed at a cost of $29 million in the second year. a. What are the IRRs (IRR 1 and IRR 2) of this project? (Enter your answers in ascending order. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

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