Question 44 (6 points) Jackpot Mining Company operates a copper mine in central Montana. The company paid $1,800,000 in 2021 for the mining site and spent an additional $750,000 to prepare the mine for extraction of the copper. After the copper is extracted in approximately four years, the company is required to restore the land to its original condition, including repaving of roads and replacing a greenbelt. The company has provided the following three cash flow possibilities for the restoration costs: Cash Outflow Probability 1 $ 400,000 30% 2 500,000 40% 3 700,000 308 To aid extraction, Jackpot purchased some new equipment on July 1, 2021, for $300,000. After the copper is removed from this mine, the equipment will be sold. The credit-adjusted, risk-free rate of interest is 10%. PV(n = 4, i -10%) = 0.68301 Required: a. Calculate the restoration cost. (3 points) b. Calculate the capitalized cost of the copper mine. (3 points)