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Investment cost is $200m. You think you will produce 0.1m ounces annually at a cost of...

Investment cost is $200m. You think you will produce 0.1m ounces annually at a cost of $200 per ounce, for 10 years. You look at the recent gold price and think it is likely to increase by about 5% each year. The current price is $400 per ounce. You also estimate a discount rate of 10%.

What is the investment NPV?

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