Calculate the total expenses for 2022

Total expenses for 2021

Q Search X AE212 . .+ 1 Assignments General Total expenses for 2021 (2 Points) Calendar Jackpot Mining Company operates a copper mine in central Montana. The company paid $1,000,000 in 2021 for the mining site and spent an additional $600,000 to prepare the mine for extraction of the copper. After the cop- Call per is extracted in approximately four years, the company is required to restore the land to its original condition, including repaving of roads and replacing a greenbelt. The company has provided the following three cash flow Files possibilities for the restoration costs: Cash Outflow Probability . . $300,000 25% 400,000 40% w 600,000 35% To aid extraction, Jackpot purchased some new equipment on July 1, 2021, for $120,000. After the copper is removed from this mine, the equipment will be sold for an estimated residual amount of $20,000. There will be no residual value for the copper mine. The credit-adjusted risk-free rate of interest is 10%. The company expects to extract 10 million pounds of copper from the mine. Actual production was 1.6 million pounds in 2021 and 3 million pounds in 2022. Apps Enter your answer (?) Help L P ^ U O ()ENG 12:03 pm 27/01/2021