Seth bullock the owner of bullock gold mining, is evaluating a new gold mine in South Dakota. dan the company geologist has just finished his analysis of the mine site. he has estimated that the mine would be productive for 8 years, after which the gold would be completely mined. dan has taken an estimate of the golf deposits to alma Garrett the company financial officer. alma has been asked by Seth to perform an analysis of the new mine and prevent her recommendation on whether the company should open a mine. If the company opens the mine it will cost 525 million today and it will have a csh outflow of $35 million nine years from today in costs associated with closing the mine and reclaiming the area surrounding it. the expected cash flow each year from the mine are shown in the table. bullock mining has a required return of 12% on all gold mines.

Year. Cash Flow

0. $525,000,000

1 74,000,000

2 97,000,000

3 125,000,000

4 157,000,000

5 185,000,000

6 145,000,000

7 125,000,000

8 102,000,000

9 35,000,000

For the full project term, calculate and show keystrokes used

1. Payback, Discounted Payback, Net Present Value, Profitability Index

2.Should the company open another mine. Explain.