Transcribed image text : 26. (7 Points) Hetfield Heavy Metals (HHM) paid $600 million for the right to explore and extract rare metals from land owned by the state of Nevada. To obtain the rights, HHM agreed to restore the land to a suitable condition for other uses after its exploration and extraction activities HIFIM incurred exploration and development costs of 585 million on the project. HHM also purchased new trucks for several crew members, totaling S2 million. HHM has a credit-adjusted risk free interest rate is 8%. It estimates the possible cash flows for restoring the land, five years after its extraction activities begin, as follows: Cash Outflow S 80 million $ 100 million Probability 70% 30% Calculate HHM's asset retirement obligation (ARO) and provide the total value of the mine that will show on HHM's balance sheet. Show all work and write final answers in the space provided