You are getting ready to start a new project that will incur some cleanup and shutdown costs when it is completed. The project costs 5.36 million up front and is expected to generate 1.18 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 14.8% on this project.

The maximum shutdown costs allowable to still have a positive NPV is____(Round to the nearest dollar.)

Score: 0 of 10 pts 14 of 18 (14 complete) HW Score: 77.78%, 140 of 180 pts P 8-24 (similar to) A Question Help You are getting ready to start a new project that will incur some cleanup and shutdown costs when it is completed. The project costs $5.36 million up front and is expected to generate $1.18 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 14.8% on this project. The maximum shutdown costs allowable to still have a positive NPV is $ (Round to the nearest dollar.) Enter your answer in the answer box and then click Check