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Suppose your firm is planning to undertake a mining project. Theinitial investment is $50 million, for the next two years the firmexpects cash flows of $51 million and $47 million respectively. Itwill then cost the firm $17 million a year for the next three yearsto restore the mine site back to its original state. How many IRRsdoes this investment have and what are they? Group of answerchoices Number of IRRs = 1; IRR = 8.23% Number of IRRs = 3; IRR 1 =9.50%; IRR 2 = 15.00%; IRR 3 = 20.00% Number of IRRs = 2; IRR 18.23%; IRR 2 = 22.45% Number of IRRs = 1; IRR =22.45%
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