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You are getting ready to start a new project that will incur some cleanup and shutdown costs when it is completed. The project costs $5.34

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You are getting ready to start a new project that will incur some cleanup and shutdown costs when it is completed. The project costs $5.34 million up front and is expected to generate $1.14 million per year for 10 years and then have some shutdown costs at the end of year 11 . Use the MIRR approach to find the maximum shutdown costs you could incur and still meet your cost of capital of 14.9% on this project. The maximum shutdown costs allowable to still have a positive NPV is $. (Round to the nearest dollar.)

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