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El Dorado mine is evaluating a new gold mine. Cash flows given: Year 1 : 6 3 , 0 0 0 , 0 0 0

El Dorado mine is evaluating a new gold mine.
Cash flows given:
Year 1: 63,000,000
Year 2: 85,000,000
Year 3: 120,000,000
Year 4: 145,000,000
Year 5: 175,000,000
Year 6: 120,000,000
Year 7: 95,000,000
Year 8: 75,000,000
Cost of opening today: $500 million
Cash outflow of $100 million in nine yesrs from today in costs associated with closing the mine.
The mine requires a 10% required return.
Question:
1. Construct a spreadsheet to calculate payback period, internal rate of return, and net present value of the proposed mine.

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