Business, 28.11.2019 06:31 cece3467

Alandowner is looking to develop a coal mine on their property. she determines that a surface mine is the best option, as the coal seam she is targeting is close to the surface. the cost to start the mine is $20 million and the annual cost to operate is $16 million. she estimates that they can remove 450,000 tons of coal a year and sell the coal for $38.50 per ton. how long will it take before she is able to pay off her investment and start to make a profit?

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Alandowner is looking to develop a coal mine on their property. she determines that a surface mine i...

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