Your company is planning to open a new gold mine which will cost $3 million to build,
Question:
Your company is planning to open a new gold mine which will cost $3 million to build, with the expenditure occurring at the end of the year three years from today. The mine will bring year-end after-tax cash inflows of $2 million at the end of the two succeeding years, and then it will cost $0.5 million to close down the mine at the end of the third year of operation. What is this project's IRR?
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Year Cash Flow 0 0 1 0 2 0 3 3000000 cost 4 2000000 cash flow of 2 million for 2 years i...View the full answer
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Related Book For 
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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