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You are thinking about investing in a mine that will produce $ 8 , 0 0 0 worth of ore in the first year. As
You are thinking about investing in a mine that will produce $ worth of ore in the first year. As the ore closest to the surface is removed it will become more difficult to extract the ore. Therefore, the value of the ore that you mine will decline at a rate of per year forever. If the appropriate interest rate is then the value of this mining operation is closest to 
You are thinking about investing in a mine that will produce $ worth of ore in the first year. As the ore closest to the surface is removed it will become more difficult to extract the ore. Therefore, the value of the ore that you mine will decline at a rate of per year forever. If the appropriate interest rate is then the value of this mining operation is closest to
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Intermediate Financial Management
Authors: Eugene F. Brigham, Louis C. Gapenski
4th Edition
0030754828, 978-0030754821
