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Your company is planning to open a new gold mine that will cost $2.47 million to build with the expenditure occurring at the end of
Your company is planning to open a new gold mine that will cost $2.47 million to build with the expenditure occurring at the end of the year three years from today. The mine will bring year-end after-tax cash inflows of $1.93 million at the end of the two succeeding years, and then it will cost $0.66 million to close down the mine at the end of the third year of operation. What is this project's IRR? 25.82% 23.82% 21.82% 26.82% 24.82%
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