You are the project consultant of a greenfield chrome mine. The feasibility study shows that you have two options to consider Option A is to sell your product to a local consumer. Option is to export your product. The feasibility study yielded the following results for Options A and B. Option A 80 million tons R1 000 million 8 million tons per year 85% R35.00 ROM per ton Total reserve base Capital required Mining rate Yield Production cost Beneficiation cost Transport cost Sales price Tax rate NPV IRR Exchange rate Option B 80 million tons R2 000 million 8 million tons per year 70% R35,00 per ROM ton R4500 per ROM ton R30,00 per sales ton USS 40 perton 2006 R80,00 per ton 30% 47 09 million 22% N/A R192 million 23% R15,00 per US$ a. What is the payback period in years for both options (12) b Which option will you choose? Give reasons for your answer (3)