Use Excel to solve this problem. Northern Engineering is analyzing a mining project. Annual production, unit costs, and unit revenues are in the table. The first cost of the mine setup is $6 million. If i is 15%, what is the PW?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Use Excel to solve this problem.
Northern Engineering is analyzing a mining project. Annual production, unit costs, and
unit revenues are in the table. The first cost of the mine setup is $6 million. If i is 15%,
what is the PW?

 

Year
1
N
2
3
3 +
4
567
7
Annual
Cost
Production (tons) per Ton
$25
20
22
24
26
28
30
90,000
120,000
120,000
100,000
80,000
60,000
40,000
Price
per Ton
$35
36
37
38
39
40
41
Transcribed Image Text:Year 1 N 2 3 3 + 4 567 7 Annual Cost Production (tons) per Ton $25 20 22 24 26 28 30 90,000 120,000 120,000 100,000 80,000 60,000 40,000 Price per Ton $35 36 37 38 39 40 41
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