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A mining company plans to mine a beach for rutile. To do so will cost $14 million 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 $14 million up front and then produce cash flows of $7 million per year for five years. At the end of the sorth year the company will incur shut-down and clean-up costs of $5 millionIf the cost of capital is 11%, then what is the MIRR for this project? ark Te A - 70% OB.- 100% OC - 110% OD-90% Click to select your answer. 8 Jav A 299 000 2 da oll DD . A & 7 3 4 5 6 00 9 0 W E R T Y 1

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