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Integrative: Complete investment decision Wrat the market price of gold at CS1.562 50 per ounce (CS stands for Canadian dollars). Maritime Resources Corp. a Canadian

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Integrative: Complete investment decision Wrat the market price of gold at CS1.562 50 per ounce (CS stands for Canadian dollars). Maritime Resources Corp. a Canadian mining firm, would like to assess the financial feaslbility of reopening an old gold mine that had ceased operations in the past due to low gold prices. Reopening the mine would require an up-front capital expenditure of CS67.7 million and annual operating expenses of C.519.37 malfon. Maritime expects that over a five-year operating life it can recover 175,000 ounces of gold from the mine and that the project will have no terminal cash flow. Maritime uses straight-line depreciation. has a 21.09% corporate tax rate, and has a(n) 11.6% cost of capital. a. Calculate the periodic cash flows for the gold mine project. b. Depict an a timeline the net cash flows for the gold mine project. c. Calculate the internal rate of return (IRR) for the gold mine project. d. Calculate the net present value (NPV) for the gold mine project. 0. Make a recommendation to accept or reject the gold mine project, and justify your answer. Ack on te icen hese D in order fo capy the conients of the data tatie telow into a spreadsheet j iClick on the icon here [ in in order to cepy te contents of the dats tebit belaw itts a spress Raunded Depreciation Percentages by Recovery Year Using MACRS fot First Fout Property Classes

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