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year from the mine are shown in the nearby table. Bullock Gold Mining has a 1 2 percent required return on all of its gold

year from the mine are shown in the nearby table. Bullock Gold Mining has a 12 percent required return on all of its gold mines.
QUESTIONS
Construct a spreadsheet to calculate the payback period, internal rate of return, modified internal rate of return, and net present value of the proposed mine.
Based on your analysis, should the company open the mine?
Bonus question: Most spreadsheets do not have a built-in formula to calculate the payback period. Write a VBA script that calculates the payback period for a project.
Use formulas
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