show how to do it in excel aswell with footnotes

It is in the this image the cash-flows

MINICASE Bullock Gold Mining Seth Bullock, the owner of Bullock Gold Mining, is evaluating a new gold mine in South Dakota Dan Dority, the company's geologist, has just finished his analysis of the mine site. He has estimated that the mine would be productive for eight years, after which the gold would be comp i ed. Dan has taken an estimate of the gold deposits to Alma Garrett, the company's financa off Alma has been asked by Seth to perform an analysis of the new mine and present her rec a tion on whether the company should open the new mine. Almas used the estimates provided by Dan to determine the revenues that could be expected from the m e. She has also projected the expense of opening the mine and the annual operating expenses. If the company opens the mine, it will cost $635 million today, and it will have a cash outflow of $45 million nine years from today in costs associated with closing the mine and nelaiming the area surrounding it. The expected cash flows each year from the mine are shown in the table. Bullock Mining has a required return of 12 percent on all of its gold mines. Year Cash Flow 25 man SPECIFIC INPUT: Page 1: Use Investment, cash-flows and discount rate as presented in the Chapter 9 Prepare the following: 1. Payback analysis 2. NPV analysis 3. IRR analysis Page 2: A. Change the cash-flows as follows: Investment $ 600,000,000 Year 5 $ 195,000,000 Year 1 $ 79,000,000 Year 6 $ 145,000,000 Year 2 $ 95,000,000 Year 7 $135,000,000 Year 3 $ 120,000,000 Year 8 $112,000,000 Year 4 $ 163,000,000 Year 9 ($ 55,000,000) Salvage value B. Answer the same questions as required in Page 1, above. Page 3: A. Use the same data from Page 2 above. Change the discount rate to 12.5% B. Answer the same questions from the previous pages QUESTIONS 1. Construct a spreadsheet to calculate the payback period, internal rate of retum, modified internal rate of return, and net present value of the proposed mine 2. Based on your analysis, should the company open the mine? 3. Bonus question: Most spreadsheets do not have a built-in formula to calculate the payback period. Write a VBA script that calculates the payback period for a project. In this case, the discounted payback is an even number of years. This won't ordinarily happen, of course. Calculating a fractional year for the discounted payback period is more involved than it is for the ordinary payback, and it is not commonly done. This argument assumes the cash flows, other than the first, are all positive. If they are not, then these statements are not necessarily correct. Also, there may be more than one discounted payback. SPECIFIC INPUT: Page 1: Use Investment, cash-flows and discount rate as presented Prepare the following: 1. Payback analysis 2. NPV analysis 3. IRR analysis Page 2: A. Change the cash-flows as follows: Investment $ 600,000,000 Year 5 $ 195,000,000 Year 1 $ 79,000,000 Year 6 $ 145,000,000 Year 2 $ 95,000,000 Year 7 $135,000,000 Year 3 $ 120,000,000 Year 8 $112,000,000 $ 163,000,000 Year 9 ($ 55,000,000) Salvage value B. Answer the same questions as required in Page 1, above Page 3: A. Use the same data from Page 2 above. Change the discount rate to 12.5% B. Answer the same questions from the previous pages. MINICASE Bullock Gold Mining Seth Bullock, the owner of Bullock Gold Mining, is evaluating a new gold mine in South Dakota Dan Dority, the company's geologist, has just finished his analysis of the mine site. He has estimated that the mine would be productive for eight years, after which the gold would be comp i ed. Dan has taken an estimate of the gold deposits to Alma Garrett, the company's financa off Alma has been asked by Seth to perform an analysis of the new mine and present her rec a tion on whether the company should open the new mine. Almas used the estimates provided by Dan to determine the revenues that could be expected from the m e. She has also projected the expense of opening the mine and the annual operating expenses. If the company opens the mine, it will cost $635 million today, and it will have a cash outflow of $45 million nine years from today in costs associated with closing the mine and nelaiming the area surrounding it. The expected cash flows each year from the mine are shown in the table. Bullock Mining has a required return of 12 percent on all of its gold mines. Year Cash Flow 25 man SPECIFIC INPUT: Page 1: Use Investment, cash-flows and discount rate as presented in the Chapter 9 Prepare the following: 1. Payback analysis 2. NPV analysis 3. IRR analysis Page 2: A. Change the cash-flows as follows: Investment $ 600,000,000 Year 5 $ 195,000,000 Year 1 $ 79,000,000 Year 6 $ 145,000,000 Year 2 $ 95,000,000 Year 7 $135,000,000 Year 3 $ 120,000,000 Year 8 $112,000,000 Year 4 $ 163,000,000 Year 9 ($ 55,000,000) Salvage value B. Answer the same questions as required in Page 1, above. Page 3: A. Use the same data from Page 2 above. Change the discount rate to 12.5% B. Answer the same questions from the previous pages QUESTIONS 1. Construct a spreadsheet to calculate the payback period, internal rate of retum, modified internal rate of return, and net present value of the proposed mine 2. Based on your analysis, should the company open the mine? 3. Bonus question: Most spreadsheets do not have a built-in formula to calculate the payback period. Write a VBA script that calculates the payback period for a project. In this case, the discounted payback is an even number of years. This won't ordinarily happen, of course. Calculating a fractional year for the discounted payback period is more involved than it is for the ordinary payback, and it is not commonly done. This argument assumes the cash flows, other than the first, are all positive. If they are not, then these statements are not necessarily correct. Also, there may be more than one discounted payback. SPECIFIC INPUT: Page 1: Use Investment, cash-flows and discount rate as presented Prepare the following: 1. Payback analysis 2. NPV analysis 3. IRR analysis Page 2: A. Change the cash-flows as follows: Investment $ 600,000,000 Year 5 $ 195,000,000 Year 1 $ 79,000,000 Year 6 $ 145,000,000 Year 2 $ 95,000,000 Year 7 $135,000,000 Year 3 $ 120,000,000 Year 8 $112,000,000 $ 163,000,000 Year 9 ($ 55,000,000) Salvage value B. Answer the same questions as required in Page 1, above Page 3: A. Use the same data from Page 2 above. Change the discount rate to 12.5% B. Answer the same questions from the previous pages