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Smithson Mining operates a silver mine in Nevada. Acquisition, exploration, and development costs totaled 57 milion. After the silver is extracted in approximately five years.

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Smithson Mining operates a silver mine in Nevada. Acquisition, exploration, and development costs totaled 57 milion. After the silver is extracted in approximately five years. Smithson is obligated to restore the land to its onginal condition, including constructing a wildlife preserve. The company's controller has provided the following three cash flow possibilities for the restoration costs (1) $680,000, 15% probability. (2) $730.000, 45% probability, and (3) $830,000, 40% probability. The company's credit adjusted, isk tree rate of interest is 6% (EV Of S1. PV of $1. EVA $1. PVA OR$1. EVAD 01:51 and PYAD OLS1) (Use appropriate factors) from the tables provided.) What is the initial cost of the silver mine? (Enter your answers in whole dollars) Table or calculator function: Restoration Costs Acquisition, exploration and development Initial Cont

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