A diamond mine is expected to produce regular annual cash flows of $1.60 million for 9 years with the first regular cash flow expected in 1 year from today. In addition to the regular cash flows of $1,600,000, the diamond mine is also expected to produce an extra cash flow of $2,500,000 in 9 years from today. The cost of capital for the mine is 13.00 percent. What is the value of the mine?

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		$9,042,860.29 (plus or minus 50 dollars)
		$8,210,648.20 (plus or minus 50 dollars)
		$7,510,104.84 (plus or minus 50 dollars)
		$10,710,648.20 (plus or minus 50 dollars)
		none of the answers are within 50 dollars of the correct answer