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A company acquires some ore deposits; engineering studies show that the preparatory work and access roads will take 6 years. It is estimated that deposits
A company acquires some ore deposits; engineering studies show that the preparatory work and access roads will take 6 years. It is estimated that deposits in operation will yield an annual profit of $2,400,000. assuming the rate commercial is 8% and that the deposits will be exhausted after 15 continuous years of exploitation, find the future value of the rent that is expected to be obtained. Additionally, it is requested to find the utility value that it expects to obtain, at the time of acquisition of deposits.
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