A small-scale silver mine in north Idaho is up for sale by bid. A mining engineer estimates
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A small-scale silver mine in north Idaho is up for sale by bid. A mining engineer estimates that at current production levels, the mine will yield an annual net income of $80,000 for 35 years, after which the silver will be exhausted. If an investor’s MARR is 15%, what is the maximum amount that the investor can bid on this property?
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Determining the Maximum Bid for the Silver Mine Heres how to calculate the maximum bid amount the in...View the full answer
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Related Book For 
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ISBN: 9781138735897
2nd Edition
Authors: Steven G. Penoncello
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