A mining company plans to mine a beach for rutile. To do so will cost $10 million up front and then produce cash flows of $3 million per year for five years. At the end of the sixth year the company will incur shut - down and clean - up costs of S2 million. If the cost of capital is 14%, then what is the MIRR for this project? A. 70% B. 100% C. 90% D. 110%