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A mining company plans to mine a beach for rutile. To do so will cost ( $ 13 ) million up front and then produce

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A mining company plans to mine a beach for rutile. To do so will cost \\( \\$ 13 \\) million up front and then produce cash flows \\( \\$ 6 \\) million per year for five years. At the end of the sixth year the company will incur shut - down and clean - up costs of \\( \\$ 5 \\) million. If the cost of capital is \12, then what is the MIRR for this project? A. \100 B. \70 C. \90 D. \110

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