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Montana Mining Co . ( MMC ) paid $ 2 0 0 million for the right to explore and extract rare metals from land owned

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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 risk free interest rate is 7%. It estimates the possible cash flows for restoring the land, three years after its extraction activities begin, as follows: (PV of $1, PVA of $1)(Use appropriate factor(s) from the tables provided.)
\table[[Cash Outflow,Probability],[$10 million,60
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