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AMAX Corporation is a mining company that focuses on extraction of molybdenum - a crucial additive in the production of steel. AMAX is considering expanding

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AMAX Corporation is a mining company that focuses on extraction of molybdenum - a crucial additive in the production of steel. AMAX is considering expanding its molybdenum capacity and is deciding whether to pursue one of the following investment alternatives.

If the discount rate is 16%, find the price of molybdenum above which it makes sense to do each of the investments a), b) and c).

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