Production planning of a small quarry having 3 years of life is shown in the figure. The following information of revenue and cost data are available.
Selling price of ore = Rs. 1500/tonne
Ore mining cost = Rs. 500/tonne
Waste mining cost = Rs. 500/m³
Initial capital = Rs. 1000 million
Discount rate = 10%
By neglecting depreciation, salvage value and corporate tax, the NPV of the mining project, in million Rs., is _______ [round off to 2 decimal places]
Min: 35.5 Max: 38.3
Answer: 36.9
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