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BHC Inc. has invested in a gold mining operation that costs $75 million with an expected life of 5 years. In the first two years,

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BHC Inc. has invested in a gold mining operation that costs $75 million with an expected life of 5 years. In the first two years, the project generates an annual cash inflow of $120 million. In the third year, BHC Inc. needs to consider extensive environmental and site restoration generating a cash outflow of $100 million for that year. In the final two years of the operation, cash inflows of $135 million and $150 million are generated respectively. Which of the following answers best applies to this project? Select one: a. BHC Inc.'s cash flows are conventional, and hence the NPV and IRR capital budgeting methods may conflict. If in doubt, use the NPV method. O b. BHC Inc.'s cash flows are conventional, and hence the NPV and IRR capital budgeting methods will give the same decision OC. BHC Inc.'s cash flows are non-conventional, and hence the NPV and IRR capital budgeting methods may conflict. If in doubt, use the NPV method O d. BHC Inc.'s cash flows are non-conventional, and hence the NPV and IRR capital budgeting methods will give the same decision

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