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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

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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 50 million per year for five years. At the end of the sixth year the company will incur shut-down and clean-up costs of 88 million. If the cost of capital is 14%, then what is the MIRR for this project? A - 90% B. - 100% C-110% OD. -70%

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