Exercise $11-18($Algo$)$ Cost of a natural resource; depletion and depreciation; Chapters $10$ and $11[$LO$11-2,11-3]$

Jackpot Mining Company operates a copper mine in central Montana. The company paid $$1,550,000$ in $2024$ for the mining site and spent an additional $$710,000$ to prepare the mine for extraction of the copper. After the copper is extracted in approximately four years, the company is required to restore the land to its original condition, including repaving of roads and replacing a greenbelt. The company has provided the following three cash flow possibilities for the restoration costs:

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

$\backslash$table$[[,,$Cash$],[,$Outflow,Probability$],[,$$$410,000,25\%$