Reclamation of a site is scheduled to begin 10 years from today and will require sustained period
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Reclamation of a site is scheduled to begin 10 years from today and will require sustained period of investment amounting to 2.5 million dollars per year for three years at the end of years 14, 15 and 16.
What is the present value of the reclamation costs? Assume a constant low risk security interest rate of 4% per year.
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