Smithson Mining operates a silver mine in Nevada, Acquisition, exploration, and development costs totaled $6.5 million. After the silver is extracted in approximately five years, Smithson is obligated to restore the land to its original condition, including constructing a wildlife preserve. The company's controller has provided the following three cash flow possibilities for the restoration costs: (1) $590,000, 30% probability: (2) $640,000, 45% probability, and (3) $740,000, 25% probability. The company's credit-adjusted, risk-free rate of interest is 5% (FV of $1, PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) 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 Cost