d A company paid $2,000,000 in year 1 for the mining site and spent an additional $500,000 to prepare the mine for extraction of the copper. After the copper 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 possibilities for the restoration costs: Cost Probability 1 $200,000 20% 2 500,000 45% 3 800,000 35% To aid extraction, Falcon purchased some new equipment on July 1, year 1, for $150,000 which will be buried in the mine when closed. The credit-adjusted, risk-free rate of interest is 10%. PV factor (n=4, 1=10%) is .68301. Required: What is the cost of the mine? (Round to nearest dollar) ers 3,022,240 (with margin: 0)