Question: Brave Depth Mining is considering opening a new mine. Constructing the mine will cost 1023 million dollars today. Starting one year from now, the mine

Brave Depth Mining is considering opening a new mine. Constructing the mine will cost 1023 million dollars today. Starting one year from now, the mine will then be able to generate 289 million dollars per year forever. What is the IRR of this project?

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