Answer to Question #75807 in Microeconomics for saya

Question #75807
A silver mine can be purchased for $1,500,000. On the basis of estimated production, an annual net income of $389,000 is foreseen for the next 15 years. After 15 years, the mine will probably be worthless. What annual IRR is in prospect?
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Expert's answer
2018-04-11T09:47:10-0400
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