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A mining company plans to mine a beach for rutile. To do so will cost $ 1 0 million up front and then produce cash

A mining company plans to mine a beach for rutile. To do so will cost $10 million up front and then produce cash flows of $3 million per year for five years. At the end of the sixth year the company will incur shut - down and clean - up costs of $2 million. If the cost of capital is 13.5%, then what is the MIRR for this project?
A.-79.54%
B.-61.87%
C.-97.22%
D.-88.38%
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