978-1259709685 Chapter 5 Case

subject Type Homework Help
subject Pages 2
subject Words 149
subject Authors Jeffrey Jaffe, Randolph Westerfield, Stephen Ross

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CHAPTER 5
BULLOCK GOLD MINING
1. An example spreadsheet is:
page-pf2
2. Since the NPV of the mine is positive, the company should open the mine. We should note, it may be
3. There are many possible variations on the VBA code to calculate the payback period. Below is a
VBA program from http://www.vbaexpress.com/kb/getarticle.php?kb_id=252.
Function PAYBACK(invest, finflow)
Dim x As Double, v As Double
Do
x = x - v
v = finflow.Cells(i).Value
If x = v Then
PAYBACK = i
Exit Function
ElseIf x < v Then

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