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Jackpot Mining Company operates a copper mine in central Montana. The company paid $1,300,000 im...

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Jackpot Mining Company operates a copper mine in central Montana. The company paid $1,300,000 im 2016 for the mining site and spent an additional $660,000 to prepare the mine for extraction of the copper After the copper is extracted in approximately 4 years, the company is required to restore the land to its original condition, including repaving of roads and replacing a greenbelt. The company has provided the tollowing three cash nlow possibilities for the restoration costs: (FV of $1. PV of $1. FVA of S1. PVA of st. EVAD of $1 and PVAD of $1) (Use appropriate factor's) from the tables provided.) 1 $360,000 2 460,000 3 660,000 20% 45% 35% To aid extraction, Jackpot purchased some new equipment on July 1, 2016, for $180,000. After the copper is removed from this mine, the equipment will be sold The credit-adjusted, nsk-free rate of interest is 12% Required 1. Determine the cost of the copper mine. (Do not round intermediate calculation.) O Type here to search #0 2 3 4 4 5 6 8 9 WE

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