of Puerto Rico LOGIN x Curse CONT4001-401-2019V1 X Connect Accounting 314 O 1 Flashcar X + ezto.mheducation.com/ext/map/index.html?con=con&external browser BlaunchUrlhttp%253A%252F%252Fnewconnectmheducation.com252F#/activity/que... TEST 3 NON CURRENTS ASSETS Help Save & Exk Sube 17 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, binte 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 S1 (Use appropriate factor(s) from the tables provided.) Cash Outflow Probability $16 million 50x $48 million 50% 02:22:08 The asset retirement obligation (rounded) that should be recognized by MMC at the beginning of the extraction activities is: Multiple Choice $26.1 million $19.6 million Nayt TEST 3: NON CURRENTS ASSETS Seved 17 Multiple Choice 2 points $26.1 million 8 022153 $19.6 million $41 million $29 million ME Graw Hill Type here to search o ii E e DOLL F3 ES 2 3