You are considering an open- pit mining operation. The cash flow pattern is somewhat unusual since you must invest in some mining equipment,conduct operations for two years,and then restore the sites to their original condition . You estimate the net cash flows to be as follows: Cash flows $1,600,000 1 1,500,000 1,500,000 -700,000 what is the approximate rate of return of this investment 2 3 show complete solution.
You are considering an open- pit mining operation. The cash flow pattern is somewhat unusual since you must invest in some mining equipment,conduct operations for two years,and then restore the sites to their original condition . You estimate the net cash flows to be as follows: Cash flows $1,600,000 1 1,500,000 1,500,000 -700,000 what is the approximate rate of return of this investment 2 3 show complete solution.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:. You are considering an open- pit mining operation.
The cash flow pattern is somewhat unusual since you must
invest in some mining equipment,conduct operations for
two years,and then restore the sites to their original
condition .
You estimate the net cash flows to be as follows:
Cash flows
$1,600,000
1
1,500,000
1,500,000
2
3.
-700,000
what is the approximate rate of return of this investment?
show complete solution.
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