A mine is for sale for 240000 it is believed the mine will, Ask an Expert

Economics

A mine is for sale for $240,000. It is believed the mine will produce a profit of $65,000 the first year, but the profit will decline $5,000 a year after that, eventually reaching zero, whereupon the mine will be worthless. What rate of return would this $240,000 investment produce for the purchaser of the mine?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91829161

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