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Montana Mining Co. (MMC) paid \$200 million for the right to explore and extract rare metals from land owned by the state of Montana. To obtain the rights, MMC agreed to restore the land to a suitable condition for other uses after its exploration and extraction activities, MMC incurred exploration and development costs of $60 million on the project. MMC has a credit-adjusted discount rate of 7%. It estimates the possible cash flows for restoring the land, three years after its extraction activities begin, as follows: The total amount capitalized by MMC regarding this property, at the beginning of the extraction is A) 274.7 million. because we need to capitalize the expected cost of asset retirement B) 260 million, because we do not need to capitalize the expected cost of asset retirement is