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Home Q & A Board Science-Related Homework Help Mathematics
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biokam biokam
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A year ago
A proposed gold mine would require the investment of $2.65 million at the beginning of the first year and a further investment of $4.6 million at the end of the first year. Mining operations are expected to yield annual year-end profits of $2 million starting in year three. The mine will sustain eight years of mining operations, once it reaches profit. At the end of the last year of operations, the mining company would also have to spend $2 million on environmental restoration. Calculate the IRR of the project.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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drdaviddrdavid
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A year ago
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