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The CFO at Laser Inc., a company operating in laser technologies is considering investing in a copper mine that will produce $500,000 worth of ore

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The CFO at Laser Inc., a company operating in laser technologies is considering investing in a copper mine that will produce $500,000 worth of ore per year for the first 5 years of exploitation. As the ore closest to the surface is removed it will become more difficult and costly to extract the ore. Therefore, after the first 5 years, the value of the ore that is extracted will decline at a rate of 5% per year forever. If the weighted average cost of capital, wacc, is 10%; then the value of this mining operation is: a) $4,136,620.99 b) $ 4,068,618.01 c) $5,122,114.02 d) $3,861,644.24 el $2200 221.00

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