Question: Question 13 (1 point) A proposed open-pit mine would require an initial investment of $2 million at the beginning of the first year. Mining operations

Question 13 (1 point) A proposed open-pit mine would require an initial investment of $2 million at the beginning of the first year. Mining operations are expected to earn annual year end profits of $750,000, starting at the end of Year 1. The mine will operate for four years. At the end of the fourth year, the mining company must spend $1 million on cleanup and environmental restoration. The cost of capital is 14%. What is the NPV of the project (rounded to nearest dollar)? A

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