Question: 2. Amanda is a project manager for a mining company that is considering investing in a new, 15-year mine. It would incur initial costs of

2. Amanda is a project manager for a mining company that is considering investing in a new, 15-year mine. It would incur initial costs of $20 million and would cost at the end of the project an additional $5 million (to shut down the mine). During the 15 years, the project would yield $3 million annual profits (year-end). Find the NPV of this project if cost of capital is 12%. ( Show all work)

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