Bullock Gold Mining Seth Bullock, the owner of Bullock Gold Mining, is evaluating a new gold mine in South Dakote. Den Dority, the compenfs seologist, hes fart finished his analyris of the mine site. He has catimated that the mine would be productive for eight jears, after which the gold woeld be completely mined. Dan has taken an estimate of the gold deposits to Alma Garrett, the company's financial officer. Alma has been arked by Seth to perform an analyzs of the new mine and present her recommendation on whether the company thould open the new mine. Alma has used the estimates provided by Dan to determine the revenues that conld be expected from the mine. She alvo has projected the expense of opening the mine and the armal opgrating expenser. If the company opens the mine, it will cost $825 milbon today, and it will have a cash outflow of $75 million nine jears from today in costs associated with closing the mine and reclaiming the area rurrounding it?. The expected cash flows each year from the mine are shown in the following table. Buflock Mining has a 12 percent required return on all of its gold mines. 1. Construct a spreadabeet to caleulate the payback period, internal rete of return, modificd internal rate of retarn, profitabelity index, and net present value of the proposed mine. 2. Based on your analyzis, should the company open the mine? 3. Bonus quertion: Most spreadsheets do not have a builtin formula to calculate the payback period. Write a VRA script that calculates the pasback period for a project