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QUESTION
Strip mining inc. can develop a new mine at an initial cost of $12 million. the mine will provide a cash flow of $35 million in 1 year. the land then must be reclaimed at a cost of $24 million in the
Strip mining inc. can develop a new mine at an initial cost of $12 million. the mine will provide a cash flow of $35 million in 1 year. the land then must be reclaimed at a cost of $24 million in the second year.
a. what are the irrs of this project?
