Bullock Mining

Bullock Gold Mining Proposed Mine’s Payback Period, IRR, Modified IRR, and NPV Student Name Institution Professor Name Course Date Bullock Gold Mining Proposed Mine’s Payback Period, IRR, Modified IRR, and NPV The payback period (PBP) is the time investors take to recoup the initial money they invested in a project. Bulama and Musa (2023) assert that experts use PBP to evaluate projects’ profitability. However, the rule of this investment appraisal technique ensures that there is liquidity instead of profitability. It is true because the method is concerned with an investment’s time to produce adequate cash to recover the original expenses that an individual invested. A project’s net present value (NPV) tends to capture its total worth by projecting all the money flowing in and out...