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You are thinking about imesting in a mine that will produce $11,000 worth of ore in the first year. As the ore closest to the

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You are thinking about imesting in a mine that will produce $11,000 worth of ore in the first year. As the ore closest to the surface is removid it will become more difficult to axtract the cre. Therefore, the value of me ore that you mine will decine at a rate of 7% per year forever. If the appropriate interest rate is 4%, then the value of this mining operation is closest to: A. $500,000 B. $100,000 c. 3360,667 b. This problint cannot be solved

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