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A mining company plans lo mine a beach for nutle. To do so will cost $15 milion up front and then produce cash flows of

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A mining company plans lo mine a beach for nutle. To do so will cost $15 milion up front and then produce cash flows of $8 million por yoar for five years. At the end of the sixth yoar the compary will incur shut - down and clean - up costs of $7m ilion. If the cost of capial is 12%, then what is the MiRR for this project? A. 110% B. 100% c. 70% D. =00%

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