Question: A mining company is considering a new project. Because the mine has received a permit, the project would be legal; but it would cause significant

 A mining company is considering a new project. Because the mine

A mining company is considering a new project. Because the mine has received a permit, the project would be legal; but it would cause significant harm to a nearby river. The firm could spend an additional $11 million at Year 0 to mitigate the environmental problem, but it would not be required to do so. Developini the mine (without mitigation) would require an initial outiay of $69 million, and the expected cash inflows would be $23 milion per year for 5 years. If the firn does invest in mitigation, the annual infiows would be $24 millon. The risk-adjusted WACC is 12%. a. Calculate the NPV and IRR with mitigation. Enter your answer for NPV in millions.. For example, an answer of $10,550,000 should be entered as 10.55. Do not round intermediate calculations. Round your answers to two decimal places. NPP: $5 milion TRR: Calculate the NPV and IRR without mitigation. Enter your answer for NPV in millions. For example, an answer of $10,550,000 sheuld be entered as 10.55. Do not round intermediate calculations. Round your answers to two decimal places

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