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Question
Your company is planning to open a new gold mine which will cost $3.0 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 $2.0 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?
a. 14.36%
b. 10.17%
c. 17.42%
d. 12.70%
e. 21.53%
Answer
This answer is hidden. It contains 1 characters.
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