Question
Strip Mining Inc. can develop a new mine at an initial cost of $13 million. The mine will provide a cash flow of $40 million
Strip Mining Inc. can develop a new mine at an initial cost of $13 million. The mine will provide a cash flow of $40 million in 1 year. The land then must be reclaimed at a cost of $30 million in the second year.
What are the IRRs of this project? (Enter your answers in ascending order. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)
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Finance For Growing Enterprises
Authors: Edward W. Davis, Roger Buckland
1st Edition
1138679941, 978-1138679948
