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IC UNIS) (a). The Wyoming Mining Corporation is set to open a gold mine near Cheyenne, Wyoming. According to the treasurer, Jeffrey Goldsmith, This is

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IC UNIS) (a). The Wyoming Mining Corporation is set to open a gold mine near Cheyenne, Wyoming. According to the treasurer, Jeffrey Goldsmith, "This is a golden opportunity". The mine will cost $2,400,000 to open. It will generate a cash flow of $345.000 every year forever. The appropriate cost of capital (or required rate of return) for this project is 10% per year. Please compute the payback period, discounted payback period, IRR, NPV, and profitability index (PI) for this project. Should the mine be opened? Please be precise

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