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

A mining company plans to mine a beach for rutile. To do so will cost $11 million up front and then produce cash flows of $4 million per year for five years. At the end of the sixth year the company will incur shut - down and clean - up costs of $3 million. If the cost of capital is 14%, then what is the MIRR for this project?
A.-79%
B.-97%
C.-88%
D.-62%

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