Question: A new Bitcoin mining software is expected to mine at a rate of 0.005 units of Bitcoin continuously per year. The price of this mining

A new Bitcoin mining software is expected to mine at a rate of 0.005 units of Bitcoin continuously per year. The price of this mining software is $4999, and the market price of 1 unit of Bitcoin is currently $6300. The market price of Bitcoin is expected to grow at a rate of 7% continuously per year.

You decide to invest in this mining software. You will immediately sell any Bitcoin the software generates for cash. The continuously compounded cost of capital is 7.5% for the investment. Determine the break-even time (in years).

Answer choices are: 115, 165, 215, 265, 315

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