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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 of

a mining company plans to mine a beach for rutile. to do so will cost $13 million up front and then produce cash flows of $6 million per year for 5 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 13%, then what is the MIRR for this project?

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