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A mining company plans to mine a beach for rutile. To do so will cost $12 millon up front and then produce cash flows of

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A mining company plans to mine a beach for rutile. To do so will cost $12 millon up front and then produce cash flows of $5 million per year for five years. At the end of the sith year the company will incur shut-down and clean-up costs of $4 million the cost of capital is 13%, then what is the MIRR for this project? OA-90% OB. -110% OC -70% OD - 100%

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