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A riring company plans to mine a beach for rutile. To do-so will cost $12 milion op tront and then produce cash fows of $5

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A riring company plans to mine a beach for rutile. To do-so will cost $12 milion op tront and then produce cash fows of $5 million per year for five years. At the end of the sixth year the companyy wil mour shat - down and clean-up cosis of \$4 milion. If the cost of copalal is 12%, then what is the MirR for this project? A. 100% B. 90% C. 110% 0. 70%

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