Q22

Your company is planning to open a new gold mine that will cost $2.47 million to build with the expenditure occurring at the end of the year three years from today. The mine will bring year-end after-tax cash inflows of $1.93 million at the end of the two succeeding years, and then it will cost $0.66 million to close down the mine at the end of the third year of operation. What is this project's IRR? O 25.82% 23.82% O 24.82% 0 26.82% O 21.82%