A mining company plans to mine a beach for rutile. To do so will cost $16 million up front and then produce cash flows of $ 9 million per year for five years. At the end of the sixth year the company will incur shut-down and clean-up costs of $ 8 million. If the cost of capital is 14%, then what is the MIRR for this project?

A.negative 90%

B.negative 100%

C.negative 110%

D.negative 70%