Krystal shiver -- Fil: Hare Irsat Din ayou: Rdesnss Maiings Rve e Telme what you wan to do Document Recovery Highland Mining and Minerals Ca. is considering the purchase of two gold mines Cnly one Iwestment l bc madc. The Australian gold minc will cost $1,694,000 and will prod 359,000 per year in years 5 through 15 and $532,000 per year in years 16 through 25. The US gold mine will cost $2,095,000 ard will praduce $295,100 per year for the noxt5 years. The cost of capltal Is 11 percent. Uso Appand far an approximate answor hut calcilateyr final aningthe formula ndfinancial calculator methods. [Note: In lcoking up present value factors fer this prcblam, sou road to work with tha concept of a doarredanulty far the Australian mine. The retuns in years 5 throgh 15 actually reeresent 11 yed' s; theretu' ''s in yests 161. hrough 25 ' epresen, 10 yeers, Version crested fram thel 6/25/2017 1:07 1. Calculatc the net present value for 2ach project. b 1. ./coum2 thc ustralian mlna justifias an extra 5 percent pramium overthe normal cast of capital hecause af its iskinass and relative uncertainty of cash flows. Calculate the new net present velu given this assumption. (Ncgatve amaunt should be Indicated by a minus sign. Do nat raund Intenmedlate salculations and rauna Your answer to 2 decimal places O lype here to search