Problem
Western Coal, Inc., is considering an open-pit mine. The rights to mine on public land are expected to cost $25M, and development of the infrastructure will cost another $12M. The mine should produce a net revenue of $8M per year for 20 years. When the mine is closed, $15M will be spent for reclamation. If Western Coal uses an interest rate of 15%, what is the PW of this mine?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.