Need help with Question 3 please !!!

Seth Bullock, ihc owner of Bullock Gold Mining, is evaluating a new gold mine in South Dakoia. Dan Don tv. the company s geologist, has just finished his analysis of the mine site Me has estimated that the mine would he productive for eight years., after which the gold would he completely mined. Dan hit;; taken an estimate of the gold deposits to Alma Garrett. the company's financial officer Alma has been asked l>y Seth to perform an analysis of the new mine and present her recommendation on whether the company should open the new mine. Alma has used the estimates provided by Dan to determine the revenues that could be expected from the mine. She has also projected the expense of opening the mine and the annual operating expenses. If the company opens the mine, it will cost $450 million today, and it will have a cash outflow of $95 million nine years from today in costs associated with closing the mine and reclaiming the area surrounding it. The expected cash flows each year from the mine arc shown in the table. Bullock Mining has a 12 percent required return on all of its gold mines. Construct a spreadsheet to calculate the payback period, internal rate of return, modified internal rale of return, and net present value of the proposed mine. Based on your analysis, should the company open the mine? Bonus question: Most spreadsheets do not have a built-in formula to calculate the payback period. Write a VBA script that calculates the payback period for a project. Seth Bullock, ihc owner of Bullock Gold Mining, is evaluating a new gold mine in South Dakoia. Dan Don tv. the company s geologist, has just finished his analysis of the mine site Me has estimated that the mine would he productive for eight years., after which the gold would he completely mined. Dan hit;; taken an estimate of the gold deposits to Alma Garrett. the company's financial officer Alma has been asked l>y Seth to perform an analysis of the new mine and present her recommendation on whether the company should open the new mine. Alma has used the estimates provided by Dan to determine the revenues that could be expected from the mine. She has also projected the expense of opening the mine and the annual operating expenses. If the company opens the mine, it will cost $450 million today, and it will have a cash outflow of $95 million nine years from today in costs associated with closing the mine and reclaiming the area surrounding it. The expected cash flows each year from the mine arc shown in the table. Bullock Mining has a 12 percent required return on all of its gold mines. Construct a spreadsheet to calculate the payback period, internal rate of return, modified internal rale of return, and net present value of the proposed mine. Based on your analysis, should the company open the mine? Bonus question: Most spreadsheets do not have a built-in formula to calculate the payback period. Write a VBA script that calculates the payback period for a project