Problem
Western Coal is considering a modification of its plans for the open-pit mine described. Adding a coal-slurry pipeline (its life is also 20 years) will increase the first cost by $4M, increase annual net revenues by $750K, and increase closure costs by $1M. If the interest rate is 15%, what is the PW of the slurry pipeline?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.