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  3. if the retirement of the coal reserve is 2 years f

if the retirement of the coal reserve is 2 years from now (12/31/2022), assume 10%...

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Accounting

if the retirement of the coal reserve is 2 years from now (12/31/2022), assume 10% interest rate, what dollar amount should the company report as the asset retirement obligation today?

Round your answer to one decimal point. For example, $ 5.55 million should be typed as 5.6 Company A expects the following cash flow related the retirement of its coal reserve:

Cash Outflow Probability
$ 10 million 60 %
$ 30 million 40 %

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