Strip mining inc. Can develop a new mine at an initial cost of $5 million. The mine will provide the cash flow of $30 million in 1 year. The land then must be reclaimed at a cost of $28 million in the second year. What are the IRRs of this project? Should the firm develop the mine of the discount rate is 10%? 20%? 350%? 400%?

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Government ownership and control of resources