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Green Mining Inc. is planning to acquire an iron ore mine from Mine Well Inc. in a year completed just now the mine produced 1
Green Mining Inc. is planning to acquire an iron ore mine from Mine Well Inc. in a year completed just now the mine produced MT of iron ore. The average realization based
on th prevailing price is $ per MT The annual production from the mine is expected to
fall by per year due to depletion of reserves, however, the iron ore price is expected
increase on an average by annually, What isthe maximum acquisition price Green mining
Should pay forthe mine given that they expect the mines useful life to be years and the required rate of return is
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