$11)$ A mining company plans to mine a beach for rutile. To do so will cost $$14$ million up front and then

produce cash flows of $$7$ million per year for five years. At the end of the sixth year the company will

incur shut$-$down and clean$-$up costs of $$6$ million. If the cost of capital is $13\mathrm{.}0\%,$ then what is the MIRR for

this project?

A$)-60\mathrm{.}97\%$

B$)-78\mathrm{.}39\%$

C$)-87\mathrm{.}10\%$

D$)-95\mathrm{.}81\%$