by
Homework Help Classof1
Language: English
Release Date: March 11, 2013
"You own an unused gold mine that will cost $100,000 to reopen. If you do open the mine, you expect to extract 1,000 ounces of gold per year, for the next 3 years. After those 3 years the deposit will be exhausted. An ounce of gold is currently selling for $500. For each of the next 3 years,...