What is the present value of the mine assume interest is, Financial Management

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What is the present value of the mine assume interest is

The cash flow associated with a strip mining operation is expected to be £200,000 in year 1, £180,000 in year 2 and amounts decreasing by £20,000 per year to year 8 when it is assumed the mine will be exhausted. What is the present value of the mine? Assume interest is 7%. Show your working.

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Financial Management: What is the present value of the mine assume interest is

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