Question
Strip Mining Inc. can develop a new mine at an initial cost of $11 million. The mine will provide a cash flow of $34 million
Strip Mining Inc. can develop a new mine at an initial cost of $11 million. The mine will provide a cash flow of $34 million in 1 year. The land then must be reclaimed at a cost of $25 million in the second year.
a. 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.)
Strip Mining Inc. can develop a new mine at an initial cost of $11 million. The mine will provide a cash flow of $34 million in 1 year. The land then must be reclaimed at a cost of $25 million in the second year.
a. 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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Beyond Greed And Fear Understanding Behavioral Finance And The Psychology Of Investing
Authors: Hersh Shefrin
1st Edition
0195161211, 978-0195161212
