2) The following data relates to a mining project with increasing waite rock to ore ratio as the mine life progresses, giving declining production per year Cost dollars and production are in thousands. Year 0 4 Production, ('000 tonnes) 62 53 35 24 17 Selling Price, (S/tonne) 26.0 26.0 26.0 27 3 287 Mine Development Cost ('000 5) 750 250 Mining Equipment Cost (OOO $) 670 Mineral Rights Acquisition Cost ('000 $) 100 Operating Costs (000 $) 175 193 212 233 256 Assume Royalties are 14% of gross revenue Liquidation value at Year 5 is zero A) Calculate before tax annual cash flow, ROR, NPV and PVR for a 15% minimum (S points). B) Calculate the break-even price per tonne of ore that, if received uniformly from years 1 through 5, would give the project a 15%% IRR (5 points)