Cop Mining Inc. operates a copper mine which will generate a $3 million revenue one year from today. The copper mine is expected to last forever. Unfortunately, the amount of copper shipped is declining, and revenues are expected to DECLINE by 4 percent per year. When the appropriate discount rate (required rate of return) is 12 percent, what is the present value of the copper mine's revenue? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a $12.5 million b $16.67 million C $17.25 million d $18.75 million e $25.0 million