Suppose Virtucon (a fictional mining company) can get ( $ 2 ) million worth of tungsten out

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Suppose Virtucon (a fictional mining company) can get \$ \\$ 2 \$ million worth of tungsten out of a mine every year for 3 years (no annual cost and the mine is worthless after that). How much should the company be willing to pay to buy that land/mine, if the opportunity cost of capital for the mining industry is \$ 12 \\% \$. Give the answer in millions (if it's \$ \\$ 3.2 \$ million then say 3.2 )

Posted Date: May 18, 2024 07:03 AM

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Suppose Virtucon (a fictional mining company) can get ( $ 2 ) million worth of tungsten out

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