Question: first correct answer will get an immediate upvote, closely watching this question Your company is planning to open a new gold mine that will cost

first correct answer will get an immediate upvote, closely watching this question first correct answer will get an immediate upvote, closely watching this question

Your company is planning to open a new gold mine that will cost $1.82 million to build, with the expenditure occurring at the end of the year two years from today. The mine will bring year-end after-tax cash inflows of $1.52 million at the end of the two succeeding years, and then it will cost $0.5 million to close down the mine at the end of the third year of operation. What is this project's IRR? If the cost of capital is 10%, should the project be accepted based on the IRR criterion? 29.21%; yes 31.21%; yes 30.21%: yes 29.21%; no 30.21%; no

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