Question: Use the following information to answer the questions) below reader Metals is considering opening a strip mining operation to provide some of the raw materials

 Use the following information to answer the questions) below reader Metals

Use the following information to answer the questions) below reader Metals is considering opening a strip mining operation to provide some of the raw materials needed in producing Rear den metal The j initial purchase of the land and the associated costs of opening up mining operations utE cost $100 million today The mine is exj ~Jto generate $16 million worth of ore pet year for the next 12 years At the end of the l.th year Bearden wild need to spend $20 m. restore the land to its original pristine nature appearance The payback period for Rearden's s mining operation is closest to

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