Cost of Natural Resource Review ABC Mining Co. paid $50 million for the right to explore and extract copper from land owned by the state of Wyoming. To obtain the rights, ABC agreed to restore the land to a suitable condition for other uses after its exploration and extraction activities. ABC incurred exploration and development costs of $15 million. The company's credit-adjusted risk-free interest rate is 6%. It estimates the possible cash flows for restoring the land, three years after its extraction activities begin: Cash outflow Probability $ 5 million 40% $10 million 60% Vanhat is the initial cost of the copper mine [PV factor, i = 6, n = 3 is 0.83962]? a. $65,000,000 b. $73,000,000 c. $71,716,960 d. $95,000,000