Your company is planning to open a new gold mine that will cost $3 million to...

Your company is planning to open a new gold mine that will cost $3 million to build, with the expenditure occurring at the end of the year three years from today. The mine will bring year-end after-tax cash inflows of $2 million at the end of the two succeeding years, and then it will cost $0.5 million to close down the mine at the end of the third year of operation. What is this project’s IRR?

( give manual answer please )

Expert Solution

IRR =12.70%

jeff jeffy answered 2 years ago

Your company is planning to open a new gold mine that will cost $1.45 million to...

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