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Amining company pians to mine a beach for rutle. To do so will cost $11 million up front and thon produce cash flows of $4

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Amining company pians to mine a beach for rutle. To do so will cost $11 million up front and thon produce cash flows of $4 milion per year for five yoars. At the end of the sixth yoar the. compary will incur shut - down and clean - up costs of $3 million. If the cost of copial is 14%, then what is the MiRR for this project? A. 110% B. 90% C. 1003 D. 70%

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