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A mining company plans to mine a beach for tile. 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 tile. To do so will cost $16 million up front and then produce cash flows of $9 millon per your for five years. At the end of the sixth year the company will incur shut down and clean up out of 50 milion. If the cost of capital 13%, then what is the MIRR for this project? A - 100% 8.- 70% C-90% D. -110%

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