Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 26 Oct 2017 My Price 10.00

Renfree Mines, Inc

Renfree Mines, Inc., owns the mining rights to a large tract of land in a mountainous area. The tract contains a mineral deposit that the company believes might be commercially attractive to mine and sell. An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated with opening and operating a mine in the area:

 

 
Cost of equipment required $ 970,000
Annual net cash receipts $ 355,000*
Working capital required $ 250,000
Cost of road repairs in eleven years $ 71,000
Salvage value of equipment in twelve years $ 120,000

*Receipts from sales of ore, less out-of-pocket costs for salaries, utilities, by Coupon Companion Plugin" id="_GPLITA_0" href="http://ezto.mhecloud.mcgraw-hill.com/#" class="c11" name="_GPLITA_0">insurance, and so forth.

by Coupon Companion Plugin" id="_GPLITA_0" href="http://ezto.mhecloud.mcgraw-hill.com/#" class="c11" name="_GPLITA_0">

 

The mineral deposit would be exhausted after twelve years of mining. At that point, the working capital would be released for reinvestment elsewhere. The company%u2019s required rate of return is 21%. (Ignore income by Coupon Companion Plugin" id="_GPLITA_1" href="http://ezto.mhecloud.mcgraw-hill.com/#" class="c11" name="_GPLITA_1">taxes.)

by Coupon Companion Plugin" id="_GPLITA_1" href="http://ezto.mhecloud.mcgraw-hill.com/#" class="c11" name="_GPLITA_1">
 

Click here to view Exhibit 11B-1 andExhibit 11B-2, to determine the appropriate discount factor(s) using tables.

 

Required:
a.

Determine the net present value of the proposed mining project. (Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, other intermediate calculations and final answer to the nearest whole dollar.)

 

Net present value $

 

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Oct 2017 03:10 PM My Price 10.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)