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1 3 . A mining company plans to mine a beach for rutile. To do so will cost $ 1 5 million up front and
A mining company plans to mine a beach for rutile. To do so will cost $ million up front and then produce cash flows of $ million per year for five years. At the end of the sixth year the company will incur shut down and clean up costs of $ million. If the cost of capital is then what is the MIRR for this project?
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