You are thinking about investing in a mine that will produce $50,000 worth of ore in the first year. As the ore closest to the surface is removed, it will become harder to extract the ore. Therefore, the value of the ore that you mine will decline at a rate of 7.35% per year indefinitely. You have been told that the appropriate interest rate is 9.75%. Which of the following is closest to the value of your mining operation? A $250,189 B. $234,869 C. $292,398 OD. $295,398 E. $296,398 QUESTION 15 Thiago just inherited the family business, and, having no desire to run the family business, he has decided to sell it to an entrepreneur. In exchange for the family business, Thiago has been offered an immediate payment of $120,000. Thiago will also receive payments of $35,000 in one year, $45,000 in two years, and $65,000 in three years. The current market rate of interest for Thiago is 5.2%. How much will Thiago receive for selling the family business? A. $275,827 B. $249,761 OC. $294,761 OD. $257,350 E. $265,000