Q2) company X is evaluating the economic desirability of purchasing a coal property now for $10 million acquisition cost, and $42 million on depreciable equipment, and development cost of $50 million in year 1. Use st. Line depreciation for 10 years life with zero salvage value. Coal production is estimated to be 1000,000 ton per year for each of evaluation years 2 through 11 when reserves depleted. Selling price of coal is $25 per ton in the first year of production, and operating cost of $5 per ton. Use effective income tax rate 50%, calculate NPV for minimum DCFROR of 20% C-sy