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QUESTION
A mining company is deciding whether to open a strip mine, which costs 2 million. Net cash inflows of 12 million would occur at the end of Year 1.
A mining company is deciding whether to open a strip mine, which costs 2 million. Net cash inflows of 12 million would occur at the end of Year 1. The land must be returned to its natural state at a cost of $12 million, payable at the end of Year 2. a.
